Child Trust Fund to Junior ISA transfer factsheet
Every parent wants to give their child the best start in life. Is your child's CTF going to set them up for success?
We understand that parents don't take decisions concerning their children, and their future, lightly. And choosing how or where to invest on their behalf can seem overwhelming at times.
Over six million children had a CTF opened on their behalf by a parent, guardian or the government. On 6 April 2015, it became possible to transfer Child Trust Funds (CTFs) to Junior ISAs. Thousands of parents have already made the switch, but those who haven’t may wonder if there is any benefit to transferring.
In this concise, 3-page factsheet we:
- Give a brief history of Child Trust Funds and Junior ISAs
- Compare a typical Stakeholder CTF with our own Junior ISA
- Answer some of the most common questions we’re asked about transferring a CTF to a Junior ISA
This factsheet is not personalised advice. Please seek advice if unsure. Please remember tax rules can change and the value of the tax benefits will depend on your child's circumstances. The value of investments can fall as well as rise so you could get back less than you invest. Before you decide to transfer, make sure you understand how the transfer will be made and that it will be beneficial.