Child Trust Fund: transferring savings to a Junior ISA
Seeking views on whether the transfer of savings from a Child Trust Fund to a Junior ISA should be allowed and how such transfers might take place.
Detail
At Budget 2013 the Chancellor announced that the government would consult on allowing the transfer of savings from a Child Trust Fund (CTF) account into a Junior ISA.
We would like to gather views on whether transfers should be allowed and on our proposed approach for allowing them. Once the consultation closes on 6 August 2013, we will consider all responses and publish a ‘summary of responses’ document. This will set out how the government intends to proceed, as well as the proposed next steps.
We would particularly be interested to hear from:
- representative groups for children or savers
- CTF holders, their parents or guardians and registered contacts for accounts
- CTF and Junior ISA providers
- financial advisors
Documents