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!
Transferring Child Trust Fund
jonjo27
Posts: 2 Newbie
I am looking a transferring my daughters Child Trust Fund(CTF) into an ISA, she is 16. I have read that if over 16 she could have a Adult ISA. My question is can I transfer her CTF to an adult ISA or does it have to be a child ISA.
I am looking at Coventry BS for the child ISA or Virgin for the adult ISA.
Any advise appreciated
I am looking at Coventry BS for the child ISA or Virgin for the adult ISA.
Any advise appreciated
0
Comments
-
You cannot transfer a CTF in to an ISA; this will only occur on/after their 18th birthday.
You can transfer a CTF in to a Junior ISA (JISA). I know Coventry offer one and accept CTF to JISA transfers. Some JISA providers do not accept CTF to JISA transfers. I couldn't see reference to a JISA with Virgin, so you will need to check that out.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
I thought that may be the case, thank you so much for confirming.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards