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CTF/Junior ISA's

(6 Posts)
Rosvita Wed 17-Apr-13 12:07:58

Hi all just wondered if someone can clarify for me-both my children have child trust funds,am I allowed to open an ISA for each of them too or would I have to transfer the funds from the CTF's and close them?thanks in advance.

paneer Wed 17-Apr-13 16:09:45

If your child has a CTF they cannot open a JISA

Rosvita Wed 17-Apr-13 22:00:03

Thanks for clarifying -wondering whether it's worth transferring their CTF money into junior ISA's each and closing the CTF then?!

Babyroobs Wed 17-Apr-13 23:17:16

I don't think they can transfer at the moment , bit there has been some talk that things are going to change so that they can be moved to a Junior Isa. Not sure when this will be.

Rosvita Thu 18-Apr-13 17:15:14

Thanks for clarifying.

traintracks Sun 21-Apr-13 12:29:59

Recently announced that ctfs will be able to be changed into junior isas but I don't know when it comes into effect. Long overdue as interest rates and choice much better for junior isas than ctfs.

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