You may want to make changes to your child’s Child Trust Fund (CTF) account at some stage and the registered contact (usually a parent or the child’s guardian) is the only person who can do this.
Use this link for more information on the registered contact.
Changing the registered contact for a CTF account
You may want to change the person who is the registered contact for your child’s account at some stage. This can be done by both the existing registered contact and the person who wants to take their place signing a form agreeing to the change. Your provider will give you a form.
Where the person who was the registered contact has died, or cannot be contacted, the person who wishes to be the new registered contact should contact the provider. If the provider is satisfied that the account no longer has a registered contact they will ask the new registered contact to complete an application.
Transfer Costs
Providers cannot charge for transferring an account. But if your child holds a stakeholder account or some other account that invests in shares, the provider may deduct costs (such as stamp duty and dealing charges) in selling any stocks and shares that form part or all of the account. You should check this with your provider before going ahead and making the change. It would also be a good idea to check with the new provider how long the transfer should take.
FAQ
Further information about changing accounts and providers
