Child Trust Funds to Junior ISA Transfer from 2015

Family Benefits_Tax Agility Accountants LondonIt has been announced that the government is due to allow savings to be transferred from Child Trust Funds to Junior ISA from April 2015. This announcement has been expected for some time and speaking about the move, Chancellor of the Exchequer George Osborne said:

"The Government supports hardworking families who want to save for their children. So I’m delighted that, as a result of these changes, over 6 million children who currently have savings in a Child Trust Fund will be able to benefit from better returns and lower charges on those savings in the future."

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