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
Child trust fund matures
Comments
-
https://www.bbc.com/news/education-65880559
https://www.moneysavingexpert.com/news/2023/07/martin-lewis-minister-responds-child-trust-funds/
It appears time is of the essence...
"If a property and affairs application is made to the Court of Protection before the dependent’s 18th birthday, the funds held on the CTF will not count as capital and they will not have to pay the court application fee. An early application to the court will also ensure that they receive the court order well before the CTF matures"
How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)0 -
oh no
not sure I can deal with all that. 0 -
The company should write to you before maturity to lay out your options. I believe the default is for it to convert into an ISA, in which case there is no rush to organise anything by the deadline.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards