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Original poster

CTF/Junior ISA's

5 replies

Rosvita · 17/04/2013 12:07

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.

OP posts:

paneer · 17/04/2013 16:09

If your child has a CTF they cannot open a JISA

Original poster

Rosvita · 17/04/2013 22:00

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

OP posts:

Babyroobs · 17/04/2013 23:17

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.

Original poster

Rosvita · 18/04/2013 17:15

Thanks for clarifying.

OP posts:

traintracks · 21/04/2013 12:29

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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