We’ve all been there: the horrible sense of panic that you’ve misplaced something and it’s gone forever, whether that’s a Child Trust Fund or your car keys, it’s not a nice feeling.
Luckily for you, tracking down and finding a lost Child Trust Fund could be a lot easier than ripping the house apart to search for a wallet that’s gone walkabout.
What is a Child Trust Fund?
Before you do anything else, it’s a good idea to check if you actually ever had a Child Trust Fund (CTF).
The CTF scheme, which launched in 2005, automatically gave each eligible child an account (or a voucher to start a CTF account) worth between £250 and £500, based on the family income.
Child Trust Funds were replaced by Junior ISAs from 1st January 2011.
If your child is a UK citizen, was born between 1st September 2022 and 2nd January 2011, and you received Child Benefit for them, they will have something tucked away – even if you don’t know how much or where it is.
How to Find a Child Trust Fund
We mentioned it earlier but finding your lost Child Trust Fund isn’t as difficult as you may think. In fact, it’s just a few steps, but you must be the parent or registered guardian of the child, or the person it actually belongs to.
As all CTFs were initially opened with HM Revenue and Customs (HMRC), you can ask them to find it for you by completing this form. This can be submitted online by signing into HMRC (using your Government Gateway or GOV.UK One Login credentials), or via post.
Don’t worry if you don’t have an account already, as you will be prompted to create a new one.
If your child has a Child Trust Fund, you’ll get a letter from HMRC telling you who their provider is. This is usually within 3 weeks (if you submit your application online), but could take longer if you send it via post.
It really is as easy as that. But it brings about the question:
What do I do with my Child Trust Fund?
If your child is 18 or over, then their Child Trust Fund will have matured, and they’ll be able to withdraw or move the money into an adult ISA (like our Stocks and Shares ISA or Cash ISA) to give it a chance to carry on growing.
If they go for this second option, it won’t count towards their £20,000 annual ISA allowance.
But what if it hasn’t matured yet? Here are your options if your child is still under 18.
Since the rules have changed, parents (or your child, if they are over 16) are now able to move this CTF money to other providers. Up until April 2015, you couldn’t do anything with an existing CTF.
This is probably a significant factor that contributed to a large number of people losing track of their Child Trust Funds, as four years passed between closing the scheme and being able to do anything with it. So, it’s not just you who lost track.
As of September 2026, there are 760,000 matured Child Trust Funds (worth an average of £2,000 each) that are yet to be claimed.[1] However, there could be less in those that haven’t matured yet.
So, what could you do with it when you find it?
As you already have a Child Trust Fund, you could continue to add money to it. Currently, you can add the same amount as a Junior ISA – up to £9,000 per year (though this could be subject to change).
But, unlike a Junior ISA (where the allowance resets at the start of the new tax year on 6th April), the year runs between your child’s birthdays. This means that, for example, you could add £9,000 when they are 8, before this limit resets on their 9th birthday. However, if you don’t use the whole allowance, it disappears and can’t be carried forward.
Alternatively, you could choose to transfer a CTF to a Junior ISA. And you don’t have to stick with the option you chose when you opened the CTF.
So, if you initially picked the cash option, but would rather open up the potential of stocks and shares, then you can transfer to a Junior Stocks and Shares ISA.
Why move a Child Trust Fund to a Junior ISA?
Child Trust Funds and Junior ISAs offer the same tax perks and have the same annual allowances. So why switch? Facts such as low interest rates and the fact that some CTF providers’ investment management charges have crept up could diminish the returns seen on your child’s savings.
Robo-investors, like Wealthify, offer even more benefits with low management fees and a wide range of investment styles and even Ethical Plans that allow you to invest in companies who aim to have a positive impact on the environment and/or society.
There’s an array of options available to you that might offer better interest rates or lower fees and make transferring out of a CTF quite appealing.
There are also ease-of-use benefits, such as online access and dashboards that allow you to keep track of your child’s savings or investments.
How do you transfer a Child Trust Fund to a Junior ISA?
Great question – we’ve told you that you could do it, and why you might, now here’s how you do it:
You can transfer a Child Trust Fund to a Junior ISA as long as the child is still a UK resident and is under 18, you can still transfer out even if they have a balance of zero.
However, it’s worth finding out if your Child Trust Fund has any exit fees you’ll have to pay, if these costs are high then it may outweigh the benefits of switching.
It’s also worth noting that your child can’t have a CTF and a Junior ISA at the same time – so, you’ll have to move all the money in that account. This process will also close the Child Trust Fund, which will not be able to be reopened unless the transfer is unsuccessful.
Before making any transfer, make sure you compare Junior ISA providers to find the best one for you.
To start the transfer, you (provided you’re the registered guardian) will need to complete a transfer form with the provider they have chosen to move to. For example, if you decided to move your Child Trust Fund to Wealthify’s award-winning Junior ISA, then you would need to complete the transfer form which is included in our sign-up journey.
The new provider will then talk to your CTF provider and start to carry out the transfer which, all going well, will take up to 30 days.
References:
1. FCA urges young adults to check for unclaimed Child Trust Funds | FCA
The tax treatment depends on your individual circumstances and may be subject to change in the future.
Please remember the value of your investments can go down as well as up, and you could get back less than invested.
Wealthify does not provide financial advice. Seek financial advice if you are unsure about investing.
