Child Trust Fund: transferring savings to a Junior ISA

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