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    • doublemm
    • By doublemm 11th Apr 18, 10:41 PM
    • 1Posts
    • 0Thanks
    doublemm
    Child Trust Fund still worth it?
    • #1
    • 11th Apr 18, 10:41 PM
    Child Trust Fund still worth it? 11th Apr 18 at 10:41 PM
    Hi
    I am mum of 10 years old girl and 8 years old boy. Both had the CTF accounts opened when they were born, however I have made no contribution unitl now (except the money they recevied from the we Government).
    We currently are able to make some savings for the kids future and I checked the accounts that kids were autmoaticaly signed up.
    For some reason the 10 years old has less money that the 8 years old.. so this technicaly says the account where 10 years old savings are hold is not great managed..? so what to do now?
    Shall I move her account (10 years old) to the same company as the younger has his account and leave it as CTF account? Or because she is 10 years old would be good time to move to ISA Junior ?
    I would like to contribute towards their accounts about 50 each ..? Can someone advise where to find good account, where to compare them? There is so many on the market for someone who has no deep knowledge about it , is very difficult to make right choice...
    Last edited by doublemm; 11-04-2018 at 10:43 PM.
Page 1
    • xylophone
    • By xylophone 12th Apr 18, 8:54 AM
    • 26,124 Posts
    • 15,482 Thanks
    xylophone
    • #2
    • 12th Apr 18, 8:54 AM
    • #2
    • 12th Apr 18, 8:54 AM
    https://www.telegraph.co.uk/finance/personalfinance/investing/isas/11498832/Moving-from-Child-Trust-Fund-to-Junior-Isa-advice-for-different-ages.html

    http://forums.moneysavingexpert.com/showthread.php?p=74138164#post74138164 - see post 2.

    https://moneyfacts.co.uk/isa/junior-isa/

    https://moneytothemasses.com/quick-savings/parents/best-junior-stocks-and-shares-isa

    Above may help.
    • louloubelle79
    • By louloubelle79 12th Apr 18, 9:01 AM
    • 345 Posts
    • 184 Thanks
    louloubelle79
    • #3
    • 12th Apr 18, 9:01 AM
    • #3
    • 12th Apr 18, 9:01 AM
    I recently moved my daughters CTF into a JISA; some companies don!!!8217;t except transfer from CTF but I had to change to JISA with them then transfer into another JISA of my choice.

    https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-junior-isa?cmpgn=PS0517UKPABJI0001&gclid=EAIaIQobChMI6IOb zqK02gIVLpPtCh3ibAoIEAAYASAAEgIf0fD_BwE
    • justme111
    • By justme111 12th Apr 18, 9:10 AM
    • 3,020 Posts
    • 2,916 Thanks
    justme111
    • #4
    • 12th Apr 18, 9:10 AM
    • #4
    • 12th Apr 18, 9:10 AM
    CTF and JISA are just wrappers. Performance does not depend on wrappers , it depends on underlaying investments. Look where it is invested . Different providers of those wrappers offer different investments.
    • Prism
    • By Prism 12th Apr 18, 11:49 AM
    • 434 Posts
    • 352 Thanks
    Prism
    • #5
    • 12th Apr 18, 11:49 AM
    • #5
    • 12th Apr 18, 11:49 AM
    The reason for the difference between the two values is likely to be the year they started. If both CTF's were invested in a stocks and shares fund then the 10 year old unfortunately got their fund just before the markets crashed in the financial crisis and the 8 year old missed it and just picked up the gains as the stock market recovered. Its is unlikely that one is better managed than the other especially, and if it was you can't say which will grow more going forward.

    Should you move them? I wouldn't bother unless you have a particular plan for them. I have left my daughters CTF untouched. However I don't use it to save for her future as I want to keep it under control when she gets to 18.
    • Alexland
    • By Alexland 12th Apr 18, 2:02 PM
    • 3,001 Posts
    • 2,340 Thanks
    Alexland
    • #6
    • 12th Apr 18, 2:02 PM
    • #6
    • 12th Apr 18, 2:02 PM
    Have you considered transferring the CTFs to Orbis Junior ISAs investing in their Balanced fund and they will add a 100 bonus themselves? You can administer both accounts from the same adult login.

    https://www.orbis.com/uk/individual/isas/junior-stocks-shares-isa
    https://www.orbis.com/uk/individual/funds/global-balanced-fund

    As this is a stocks & shares investment the value will go up and down so if they expect to withdraw at 18 then it might be worth reducing risk and transferring over to a cash Junior ISA elsewhere as they get older..

    Alex
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