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Options Open for CTF Children

It has recently been announced after the Chancellor’s autumn statement that the 6 million children with savings in Child Trust Funds (CTF) will now have the option to transfer to a Junior ISA.

This means that, from April 2015, existing holders of a CTF can voluntarily opt to join the new savings regime the Junior ISA and transfer their current account balance to a new product and provider.

Many CTF accounts held in cash deposits with UK banks and building societies will be able to hunt for better interest rates offered through the increasingly competitive cash junior ISAs. Meanwhile, those with stocks and shares CTFs can look for better investment returns through the newly developed Junior ISA market.

Savings Director at junior ISA provider ‘The Children’s ISA’ said: ‘At a tough economic time parents do right to shop around for the best deal. Managing money efficiently can make a great long-term difference. Many parents didn’t choose where to save but were allocated a provider by the government. There is now the chance to choose again what level of risk you want to take, whether you want the money managed actively or not and whether you have any ethical or religious mandate you would like the money managed to. This change could really help you take control of your child’s savings future’.

For more information on The Children’s ISA please visit www.thechildrensisa.com

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Email: hello@TheChildrensISA.com

Address: 1 Lowry Plaza, The Quays M50 3UB

The Children's ISA

© The Children's ISA Ltd 2020. All rights reserved.

The website and the information contained therein should not be regarded as an offer or solicitation to conduct investment business in any jurisdiction other than the UK. Past performance is not necessarily a guide to future performance and the value of your investment may fall as well as rise, and any income received in the form of dividends may fluctuate. You may not get back the full amount when the account is closed. If paying regular monthly contributions please bear in mind that if contributions are not maintained you will be less likely to achieve the investment amount that was originally projected.

The information on this website is not advice, it is provided solely to enable you to make your own investment decisions. The investments and / or investment services referred to may not be suitable for all investors. If you are unsure of the suitability of any investment, you should contact Cottons Financial Planning for advice.

The Children’s ISA Limited is authorised and regulated by the financial services authority. (FCA No: 563043)
The Children’s ISA Limited is a company registered in England and Wales.
Registered Office: 1 Lowry Plaza, The Quays Manchester, M50 3UB. Registered Company Number: 07486015

The Children's ISA is provided by Avalon Investment Services Ltd.
Avalon Investment Services Ltd. is authorised and regulated by the financial services authority.
Avalon Investment Services Ltd. is a company registered in England and Wales.
Registered Office: 2 Market Place, Tetbury, Gloucestershire, GL8 8DA.