Child Trust Funds

Savers hoping to be able to put more cash in an ISA from next April have had their hopes dashed as today's Autumn Statement reveals the annual threshold will remain the same.

ISAs transform into NISAs (New ISAs) today, meaning everyone can now put £15,000 into cash or shares savings without paying tax on it.

16 and 17-year-olds can save up to £19,000 tax-free this year under today's ISA revamp, meaning they could net £100s in interest if they put the maximum amount away.

Child Trust Funds can be transferred into junior Isas from April 2015, the Government has announced.

Parents may be able to move cash from a Child Trust Fund (CTF) into a junior Isa (JISA) in future, as the Government has launched a consultation on the issue.

Parents may be able to move cash from a Child Trust Fund (CTF) into a junior Isa (JISA) in future, the Government has announced in today's Budget.

The Government will not allow parents whose kids have a Child Trust Fund (CTF) to convert it into a junior Isa, which could leave them languishing on paltry rates.

The Government says it may consider allowing child trust fund (CTF) holders to convert their money into a junior Isa in future.

The last batch of parents whose offspring are eligible for the child trust fund (CTF) only have a few weeks to choose where to save or invest their free cash, or face having it automatically placed in a poor-paying or risky account.