transfer CTF to an adult cash ISA

josephineR2021

My child is nearly 17 so want to transfer her CTF to an adult cash ISA. From looking online you can do this but can't find (without phoning every provider) an easy way to see who offers this. The first one I tried - Oak Wood - does not offer this. Any one know who does or how I can find out? I thought I would do it rather than transfer to a junior cash ISA now only to have to move it again in a year, Thanks

eskbanker

I thought that CTFs can only be converted to Junior ISAs prior to 18 - if they could be converted to adult ISAs then that would allow the money to be accessed prior to 18, which wasn't the intention?  If two conversions in little over a year doesn't appeal, the straight swap from CTF to adult ISA can be done at 18....

xylophone

My child is nearly 17 so want to transfer her CTF to an adult cash ISA.

The CTF cannot be switched to an adult ISA until your daughter reaches the age of 18.

It can be switched to a Junior ISA.

 Under current regulations, as she is over 16, she can open an adult ISA to run alongside her CTF/JISA  (BUT note that this concession ends on 5/4/24).