My son (who is 3) has a CTF account (unfortunately my other 2 children are older and missed out) so I made some enquiries what would happen to it when we move to Oz. Obviously the Government wouldn't make any more contributions if we were to leave the country which is what I expected. The Children's Mutual told me that we could move the money into an account in Oz but it wouldn't be tax exempt so advised it probably would be better to leave it here. However if my son, when he reached 18, wanted to take the money out of the account he could only do so by returning to the UK. At the moment there's only about £600 in the account and when you bear in mind how much filghts are it would hardly seem worth the bother!
Is there an equivalent account the money could be transferred to?