For maturing CTF holders lacking mental capacity

If your child has a CTF that is soon to mature, but they do not have the mental capacity to make an independent financial decision, it can be a challenge when it comes to accessing your child’s account. Somebody lacking mental capacity – because of an illness or disability, such as a mental health problem, dementia, or a learning disability – cannot do one or more of the following four things:

• Understand information given to them about a particular decision.
• Retain that information long enough for them to make the decision.
•  Weigh up the information available to make the decision.
• Communicate their decision.

Currently, the guidance for parents/carers looking to access their dependent’s Child Trust Fund account is still undergoing review. This includes guidance for CTF providers. As soon as more information is available, we will be adopting the approved guidance and updating this page where appropriate.

We understand that some Members will still need access to their funds before the guidance is released. Therefore, in the meantime, we’ll be treating each request where CTF Members are cited as having additional needs on a case by case basis. You can contact our team here and they will be more than happy to help.