Industry response

CTF transfers to Junior ISAs

BSA response

In summer 2013 HM Treasury consulted on allowing savings held in a Child Trust Fund (CTF) to be transferred to a Junior ISA.

The BSA welcomes the Treasury’s decision to legislate to allow CTFs to transfer to Junior ISAs. This will give CTF holders the flexibility to access the wide range of Junior ISAs when they see fit, while allowing them to keep their CTF if they choose to do so.

The BSA's full response can be read here.