Child Trust Fund

[alb0679]

Once a CTF is set up using the government issue voucher, can you close that account and transfer the money to another provider ?
My sons fund at the moment is with an investment company and the recent statement shows there is less in than we have actually paid in ! I appreciate that this is probably a result of the current sitiuation in the financial world, but is it a good idea to have an investment account, or should we switch to a provider that offers a high interest savings account ?
Thanks
Alb

[Compostella]

You can move it but I'd leave it exactly where it is.

You would pay an admin charge to do this.

It not what it is worth now that matters, its what its worth when it matures.

All the CTFs will even out over time, it depends on when they are cashed in, like everything financially, timing is the key.

[alb0679]

Hi there.
Thanks for the advice, much appreciated.