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  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 22nd Mar 12, 3:03 PM
    • 2,324Posts
    • 971Thanks
    Former MSE Helen
    MSE News: Government dashes child trust fund/junior Isa merger hopes
    • #1
    • 22nd Mar 12, 3:03 PM
    MSE News: Government dashes child trust fund/junior Isa merger hopes 22nd Mar 12 at 3:03 PM
    This is the discussion thread for the following MSE News Story:

    "Parents won't be able to switch their kids' Child Trust Funds to junior Isas, potentially leaving them on dire rates..."

Page 1
    • ses6jwg
    • By ses6jwg 22nd Mar 12, 7:34 PM
    • 5,202 Posts
    • 5,820 Thanks
    ses6jwg
    • #2
    • 22nd Mar 12, 7:34 PM
    • #2
    • 22nd Mar 12, 7:34 PM
    you'd have to be daft to use a cash ctf anyway
  • bign00b
    • #3
    • 26th Mar 12, 12:50 PM
    sign and share this e-petition here
    • #3
    • 26th Mar 12, 12:50 PM
    ...its not just their poor performance - even the so called 'ethical' CTF funds mostly invest in banking, oil extraction, pharmaceuticals etc. i want my daughters investments to be in something that will benefit her future not destroy it!

    ..not allowed to post links here but google 'govt epetition - Merge Child Trust Funds with Junior Isas'
    • mbailey
    • By mbailey 27th Mar 12, 7:59 PM
    • 844 Posts
    • 153 Thanks
    mbailey
    • #4
    • 27th Mar 12, 7:59 PM
    • #4
    • 27th Mar 12, 7:59 PM
    Here is the link to the petition:

    http://epetitions.direct.gov.uk/petitions/7468
  • Arkle
    • #5
    • 7th Jun 12, 5:08 PM
    • #5
    • 7th Jun 12, 5:08 PM
    But, surely the real hurt in not being able to convert an existing CTF in to Junior ISA is what happens when the child reaches 18 & assumes control of the money? A child with a Junior Cash/Share ISA will be able to transfer all of it to an Adult Cash/Share ISA. However, a child with a CTF will only be able to transfer an amount up to the ISA annual limit at that point in time. The rest will have to be put in to taxable savings? That could mean that children of different ages in the same family, and whose family has taken care to put in exactly the same amounts, could be in very different positions financially at age 18.

    So, isn't what's really being asked for here is a level playing field for all our children?

    Regards
    Dave
  • MarketRisk
    • #6
    • 17th Feb 13, 5:35 PM
    new petition
    • #6
    • 17th Feb 13, 5:35 PM
    Comment:
    There's an e-petition on this very subject which has just been created - if it gets 100,000 signatures it may be considered for debate in the House of Commons:

    petition 45469 - won't let me post link as new user...

    submissions.epetitions.direct.gov.uk/petitions/45469#
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