Transferring Child Trust Fund Account

sindy_2

Does anyone know if or How I can transfer my childs Trust fund account/money?.....I received the £250 cheque from the government 3 years ago and opened up a Nationwide Trust fund account for my daughter, but since reclaiming my bank charges from them and closing my accounts I would like to move my daughters TFA too?

Any ideas?

Thanks

baby_boomer

It is a government requirement that CTFs are transferable.

Is this a cash account or stockmarket based CTF?

You haven't made a very clear case for moving, BTW. In fact, I would refer you to your own signature.

Crabman

The Child Trust Fund Article has some info but in a nutshell, they can't impose penalties for moving an account between providers, though can charge share dealing fees/stamp duty on CTF's involving shares. Look through the links to find the best buys