Transferring a Child Trust Fund to a Junior ISA gives families more choice over how they invest for younger generations. The greater freedom and flexibility could help give children more opportunity for a flying start in life.
We asked clients who transferred their child's CTF to us what influenced their decision:
Ensure you understand how the transfer will be made – whether as cash or stock, where the account remains invested. It's particularly common among CTF providers not to allow stock transfers.
Transferring as cash means any existing investments will be sold, and your child will be out of the market for a period - this may work in their favour if the market falls, but if it rises they won't benefit from any growth while cash is held. More information can be found on the transfer form.
Hargreaves Lansdown PLC group companies will usually send you further information by post and/or email about our products and services. If you would prefer not to receive this, please do let us know. Your personal data will remain confidential, and will never be passed to any other company, unless required by law.
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