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A number of people are wondering how the New ISA, which seems to have been christened “NISA”, will affect their savings plan for their children with Child Trust Funds (CTFs) or Junior ISAs.
The NISA was a welcome surprise from the Chancellor because adults will be able to keep more of their money out of the taxman’s hands; an additional £3120 in this tax year.
So how does this affect how parents might save for their children through CTFs and Junior ISAs?
CTFs and Junior ISAs are not affected by the introduction of the “NISA” as such. However, when the “NISA” is introduced on the 1st July 2014, the tax-free amount that can be put into a CTF and Junior ISA for the 2014/15 tax year will increase from £3,840 to £4,000.
Parents who have either tax-free savings accounts can take advantage of this increase but will have to wait until 1st July before being able to benefit from the increase and top-up those accounts.
There is nothing to prevent those Parents with CTFs already in place to take advantage of the increase to have as much money sheltered before considering transferring the money into a Junior ISA from April 2015.
The Children’s ISA has a range of Junior ISA funds available. For more details visit www.thechildrensisa.com or register your interest on this site to keep up to date with all the latest information about transferring your Child Trust fund.


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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.