First, you’ll need to open a Junior ISA with Freetrade using the mobile app or web platform. As part of this process, you’ll have the option to transfer a Child Trust Fund. You’ll need to fill out a simple, online form, which only takes a few minutes. You’ll need the provider name, account number, and the approximate value of the Child Trust Fund you’re looking to transfer.
You can usually choose between transferring your child’s current investments as they are or selling them down to transfer over as cash. We’ll guide you through the transfer process and contact your current provider on your behalf. During the transfer, you usually won’t need to do anything yourself.
Timelines will vary depending on your provider, but we’ll chase them if needed.