We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Alternative to Junior ISA
Comments
-
Ah !!!!!!, didn't realise that. I spoke to Vanguard who suggested I got the current supplier to convert the CTF to a JISA then I could transfer it into the one JISA. Why on earth can't a child have both? Seems Bizarre... That might screw me up doing it before the allowance expires. Can't imagine converting to a JISA is a quick process.
Is there a problem with a child having multiple JISAs?
Could I action the change from the CTF to JISA and then set-up another JISA on Vanguard?0 -
so I guess there are now two options for my eldest daughter:
A: Leave the CTF and add to that
or
B: Add a small one off payment to CTF (difference between annual allowance and money we want to invest in an JISA), convert it to a JISA, transfer to Vanguard then once transferred top-up with the difference after April 50
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards