Child Trust Fund
Managing the account
If you바카라 사이트™re the main contact for the Child Trust Fund account you바카라 사이트™re called the 바카라 사이트˜registered contact바카라 사이트™. You have certain responsibilities until the child turns 18, or until the child takes control of their own account.
Your responsibilities as the registered contact
You바카라 사이트™re the only person who can:
- tell the account provider how to invest the fund and run the account
- change the address and other personal details
- change the type of account, for example from cash to stocks and shares
- move the account to another provider
Contact your Child Trust Fund provider to do this.
Moving to a different account
You can transfer a Child Trust Fund account to a Junior ISA. Contact a Junior ISA provider to do this.
Records you need to keep
Keep the following paperwork:
- your child바카라 사이트™s Unique Reference Number (you바카라 사이트™ll find this on your annual Child Trust Fund statement)
- the account statements
- details of the account type and the provider
Change a registered contact
You can change the registered contact to someone with parental responsibility for the child, like a parent, step-parent or legal guardian if both parties agree to this.
Your Child Trust Fund provider can tell you how to change the registered contact of a Child Trust Fund account.
When your child is 16
Once your child turns 16, they can either:
- take over the account by contacting the Child Trust Fund provider
- leave you in charge of the account