Moving children's trust fund and junior ISA help

snagglepuss16

Hi. I opened a trust fund for my son when he was born. Back then I knew very little so just went with the first option. It was passed on to several different providers ( company passed it on not me) it is now with one family.all monies go out via direct debit and it's a palava if he gets a cheque. So I opened up a normal kids saving account with rbs.
Then when my daughter was born we opened a junior isa with lloyds. Which got transferred to tsb when it switched brands recently.
Now our 3rd baby has been born I'm looking to open another savings.
I would like some advice to which is good. And also can I move my 2 other kids accounts to a better one ( I hate tsb- it was my husbands bank)
My son's account is called ctf non stakeholder opened 2009 and my daughters is just a junior ISA opened 2012
Thanks. Sorry if it sounds a bit waffle!

xylophone

You can transfer from CTF to JISA.

http://www.moneysupermarket.com/c/news/how-to-transfer-a-ctf-to-a-jisa/0085961/

See also https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/416075/bulletin64-JISA-CTFdraftGN.pdf

"25A.7 Subscriptions following a CTF to JISA transfer


25A.7.1 The annual subscription limits for a CTF are based on the child’s birth year while JISA subscriptions are based on tax years. Where a CTF is transferred to a JISA, the CTF provider does not need to pass any subscription details to the JISA manager. Once the transfer has been made, the child can access the full JISA subscription limit for the tax year of transfer regardless of any subscriptions made to the CTF.
For example, the child’s birthday is 1 October so his CTF subscription year runs from 1 October to the following 30 September. The subscription limits for both a CTF and a JISA are £4080 and the CTF is transferred to a JISA on 1 December 2015. Subscriptions of up to £4080 could be made to the CTF between 1 October 2015 and 30 November 2015. Once the account has been transferred to a JISA, subscriptions of up to £4080 can be made between 1 December 2015 and 5 April
2016. The JISA manager only has to report subscriptions he has received (after 1 December 2015)."

http://www.moneysavingexpert.com/savings/junior-isa

http://moneytothemasses.com/saving-for-your-future/investing/best-junior-stocks-and-shares-isa this may be worth a look - other posters have given Charles Stanley a favourable mention.

snagglepuss16

Thank you. Will have a look