Your CTF Transfer Options

When it comes to transferring your CTF, you have a number of options to choose from. The details below offer information on those CTFs that are active and not nearing maturity. If your child is nearing 18, or the account is already matured, your options may be different. If that’s the case, take a look here.

Transferring your Child Trust Fund to our Friends & Family Junior ISA

Children who have a CTF are not eligible to open a Junior ISA as well. However, you can transfer your CTF to a Junior ISA. By transferring to a Kingston Unity Friends & Family Junior ISA, you gain access to an online savings account that is created by parents, with parents in mind. It’s an innovative way to make saving for your child’s future simple, quick and flexible.

  • Flexible payment options – Online – you can pay in one-off gifts or set up a Direct Debit and contribute a regular amount each month.
  • Everyone can contribute – Share your unique web link to allow friends and family to add to the account.
  • Keep an eye on your goals – Our online dashboard lets you watch as the account grows and hits your savings goals.
  • A low to medium risk fund – Our Friends & Family Junior ISA has produced inflation-beating returns since its launch. Past performance is not a guarantee of future performance. Bonuses are not guaranteed, but once added, they cannot be removed.

Transferring internally from one type of Child Trust Fund to another

At Kingston Unity, we offer two types of CTF: Stakeholder and Non-Stakeholder and it is possible to transfer from one to the other. To help you decide if this might be the right thing for your account, you can read about each of them here on the CTF Product page on the Kingston Unity website.

If you’d like to transfer your CTF to another type of CTF, simply download the form below and return it to us using the freepost address: Freepost KINGSTON UNITY.

Transferring a CTF to/from another provider

If you’re looking to transfer a CTF from another provider to us, you will find all the information you need within our CTF transfer application pack. Just click on the link below, we’ll send it to you in the post and look forward to welcoming you to the KU Family.

It’s not possible to close a CTF account before the account holder’s 18th birthday. However, you can choose to transfer the account that we currently manage to another provider if you wish. We’ll be sorry to see you go, but if you’d like to transfer your CTF account, please get in touch with your new chosen provider and they should take you through the necessary steps. You can also contact our team if you have any questions and they’ll be more than happy to help!

Please Note: You must confirm you have read the key facts, before downloading this document.

Key Facts about our services and costs

1. The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. This document is designed by the FCA to be given to consumers buying certain financial products. You need to read this important document. It explains the service you are being offered and how you will pay for it.

2. Whose products do we offer?

We offer products from the whole market

We only offer products from a limited number of companies

We only offer our own products

3. Which service will we provide you with?

We will advise and make a recommendation for you after we have assessed your needs.

You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.

We will provide basic advice on a limited range of stakeholder products and in order to do this we will ask some questions about your income, savings and other circumstances but we will not:

  • conduct a full assessment of your needs;
  • offer advice on whether a non-stakeholder product may be more suitable.

We can only offer products from Kingston Unity Friendly Society. These products will enable you to:

  • protect yourself and your loved ones in the event of death
  • save and invest with the added benefit of protecting yourself and your loved ones in the event of death
  • provide benefit cover in the event of sickness

4. What will you have to pay us for our services?

Normally, if you buy a financial product direct from us, there will be no payments such as commission or fees payable. If there are any commission or fees payable, we will tell you how we get paid and the amount before we carry out any business for you.

5. Who regulates us?

Kingston Unity Friendly Society, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and .the Prudential Regulation Authority. Kingston Unity Friendly Society’s FCA Registered Number is 110056.

Kingston Unity Friendly Society permitted business is advising and arranging life assurance and pensions business.

You can check this on the FCA’s Register by visiting the FCA’s website www.fsa.gov.uk/register or by contacting the FCA on 0845 606 1234.

6. What to do if you have a complaint

If you wish to register a complaint, please contact us:
…in writing Write to Kingston Unity Friendly Society, Complaints Department, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ. …by phoneTelephone (01924) 240164

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

7. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Most types of insurance business are covered for 90% of the claim with no upper limit.