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MSE News: Junior Isa plans unveiled

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This is the discussion thread for the following MSE News Story:
"The Government has unveiled proposals for a tax-efficient junior Isa for kids to save up to £3,000 a year ..."
"The Government has unveiled proposals for a tax-efficient junior Isa for kids to save up to £3,000 a year ..."
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Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/2012
But I believe you can transfer your investment based CTF to a cash based CTF. JISA in all but name?
under the Banks may stop supporting CTFs bit. Currently both my children have none investment CTFs, and in my naivety I didn't think you could swap them around like an ISA (smacks self over head). But it would be better if you could move them to something that exists rather than no longer exists and reliant on banks to not take the biscuit.
Kids already have a generous tax allowance.
GG
Example
Son 7 years old, we put in £3k into CTF per year, thats £33k when 18, thats alot of savings to be getting taxed on?
Daughter nearly 2, 16 years 3k a year thats 48k to my kid when 18 again alot to be taxed on.
Seek legal help if unsure.
Dont pay Private Parking tickets - they are mere invoices.
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In a way I can sort of understand it, as I'm guessing with the JISA you can withdraw at any point, while the CTF is protecting the money the government put in, unless the JISA have the same rules as it can't be touched until they're 18.