Did you set up a Child Trust Fund

Did you set up a Child Trust Fund for your child between 2002 and 2011? From the 6th April 2015 New rules have now come into effect allowing people to transfer these accounts to a Junior ISA if they wish.

Child Trust Funds were replaced by Junior ISAs in 2011, however if you still have a CTF you can keep paying in and can now switch to a new rate at any time so keep an eye out for better Junior ISA deals which could make a huge difference over the life of the account.

To find out more, have a look on the Money Advice Service website
https://www.moneyadviceservice.org.uk/en/articles/child-trust-fund-accounts

children’s finance

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