Turning 18 is a milestone, and for many young people in the UK, it’s also the moment you can finally access your Child Trust Fund (CTF). Whether you’re planning to use the money for university, save it for the future, or simply want to understand your options, the process can feel daunting. Here’s a calm, step-by-step guide to help you unlock your CTF, avoid common pitfalls, and make the most of your money.

Step 1: Find Your Provider

If you’re not sure who holds your CTF, don’t worry. The government’s official finder tool on GOV.UK can help. Fill in a short form and you’ll receive details by post. If you’ve moved recently, update your address with HMRC or your provider to ensure the letter reaches you.

Step 2: Register Online

Most providers allow you to register for online access from age 16. If you haven’t done this yet, it’s a good idea to do so now. Registration usually involves setting up a username and password, and confirming your identity. This makes the process smoother when you turn 18 and want to access your funds.

Step 3: Gather Your ID

Providers will need to verify your identity before releasing any money. Typically, you’ll need:

• A passport or driving licence

• Proof of address (such as a recent bank statement or utility bill)

Check your provider’s website for their specific requirements. If your name has changed or doesn’t match across documents, update your records before starting the process.

Step 4: Decide What You Want to Do

When your CTF matures at 18, you have three main options:

Withdraw:
You can take some or all of the money into your bank account. This is popular for those heading to university or starting work. Once your ID is verified and bank details confirmed, the provider will transfer the funds.

Keep Invested:
If you don’t need the money right away, you can often leave it invested. This might be in cash or stocks and shares, depending on your original account. Be aware of any charges and remember that investments can go down as well as up.

Transfer to an ISA:
To keep the tax-free benefits, many choose to transfer their CTF to an adult ISA. If you do this, ask the new provider to arrange a direct transfer. Don’t withdraw the money first, as you could lose the tax advantages.

Step 5: Start the Process Early

Providers are busiest around birthdays, so it’s wise to begin a few weeks before you turn 18. Log in to your account, check the “maturity” or “next steps” page, and follow the instructions. Upload your ID and confirm your bank details. If you’re transferring to an ISA, start the process with the receiving provider—they’ll handle the paperwork.

Real-Life Examples

Uni Savings:
Jasmine wanted to buy a laptop and have a buffer for rent. She withdrew half her CTF into her student account and transferred the rest into a Cash ISA, keeping her savings tax-free.

Keep Investing:
Ben didn’t need his money yet, so he switched his CTF into an adult Stocks & Shares ISA. He understood the risks but wanted the potential for growth.

Simple Cash Out:
Aiden just wanted the money in his bank. After passing the ID checks, his provider transferred the full amount to his account.

Avoiding Common Delays

Address Changes:
If you’ve moved, update your details with your provider before starting. This prevents important letters from going astray.

ID Mismatch:
Make sure your name matches across all documents. If you’ve changed your name, provide evidence (like a deed poll or marriage certificate).

Last-Minute Rush:
Don’t leave things until the week of your birthday. Providers can be overwhelmed, and delays are common. Starting early gives you time to resolve any issues.

Watch-Outs and Workarounds

Don’t Withdraw to Transfer:
If you want to move your money to an ISA, let the provider do a direct transfer. Withdrawing first can mean losing tax-free status.

Bank Account Setup:
If you’re opening a new bank account at the same time, allow extra time for ID checks. Some banks take longer to process new accounts.

Mental Capacity:
If you or a family member needs help accessing the CTF, ask the provider what documents are needed. This might include a power of attorney or a court order. Providers have different requirements, so check in advance.

What to Do Next

• Use the GOV.UK finder if you’re unsure who your provider is.

• Decide your goal: do you want cash now, to keep it invested, or to transfer to an ISA?

• Gather your ID and bank details.

• Start the process a few weeks before your birthday.

Common Questions

Can I access my CTF before 18?
No, you can only take control at 18. However, you can register and check your balance from age 16.

What if I can’t find my provider?
Use the GOV.UK finder. If you still have trouble, contact HMRC for help.

What if I need help with paperwork?
Caira is backed by tens of thousands of legal and government documents, updated weekly. If you’re stuck, you can chat to Caira on unwildered.co.uk for friendly, practical answers.

Final Checklist

• Confirm your provider and register online.

• Gather your ID and proof of address.

• Decide whether to withdraw, keep invested, or transfer to an ISA.

• Start early to avoid delays.

• Keep records of all correspondence and payments.

Gentle Reminder

This article provides general information only. It isn’t legal, financial or tax advice. Providers have different processes, so always follow their ID lists and timelines. If you’re unsure, keep asking questions and don’t hesitate to chase up your provider. You’ve got this—just take it one step at a time.