Transferring Child Trust Fund

SaveSmartly12

Hi,

I want to transfer my son’s child trust fund into a junior stocks and shares isa. I’ve been told by Fidelity I can’t do that and that none of the others will let me as it has to be like for like. They’ve said that I can hire a financial advisor to do it for me. Is that the only way?

Thanks.

marcia_

https://forums.moneysavingexpert.com/discussion/6658260/transferring-child-trust-fund

I moved my sons CTF into a JISA just applied to coventry and filled in the transfer form job done

SaveSmartly12

@marcia thanks for your reply. Don’t must be all these bigger investment companies that won’t do it. How are you finding the Coventry one?

marcia_

https://forums.moneysavingexpert.com/discussion/comment/81911789#Comment_81911789

yes it might be because its an investment account whilst my son was just a hsbc ctf.

Coventry have been good, better interest than hsbc i could do better but im not good at doing all that

xylophone

Fidelity will not accept a transfer of a CTF (either kind) to their stocks and shares JISA but presumably would accept a transfer of a cash JISA to their stocks and shares JISA?

Coventry only offers a Cash JISA - once the transfer of the CTF to Coventry Jisa was complete, it would be possible to transfer on to Fidelity?