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Transfers from Child Trust Funds to Junior ISAs to be permitted

(8 Posts)

George Osborne has announced today that transfers will be permitted. The expectation is that this will happen around April 2015.

This should provide access to more investment choices and potentially lower charges.

Further information here

lisad123everybodydancenow Mon 23-Dec-13 17:59:22

Message withdrawn at poster's request.

Yes, access only permitted when the child reaches 18.

girliegav Wed 01-Jan-14 12:42:14

I'm going to switch soon too.

nannynick Wed 01-Jan-14 12:51:34

Good news. Meanwhile switching to a different CTF is a good idea as some do pay 3%. Contact new provider and tell them it is a transfer in.

Latest Radio5 Podcast with Martin Lewis has info about switching. Was recorded prior to anouncement about CTF to jISA.

nannynick Wed 01-Jan-14 12:52:49

podcast 12 Dec

ChristmasJumperWearer Wed 01-Jan-14 12:52:56

Thanks OP, good news!

MyMILisfromHELL Wed 01-Jan-14 12:54:20

Thank goodness! Could come a bit sooner, but fantastic news nevertheless.

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