Child trust fund matures
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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 = 2.38% of current retirement "pot" (as at end April 2024)0 -
oh no not sure I can deal with all that.0
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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
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