Graeme McAusland, Chief Executive, The Children’s Mutual, said:
“We welcome the announcement in today’s Budget that a full consultation will be undertaken into whether Child Trust Fund customers will be able to transfer into Junior ISAs.
“The Child Trust Fund continues to be successful. This year we have actually seen the highest level of customer payments into Child Trust Funds since they started and we very much want this to continue.
“Having a full consultation will enable the best outcome for customers to be fully investigated and we look forward to being a part of this. Any disruption that may cause customer confusion and as a result impact negatively on savings for children is something we would want to avoid.”
About The Children’s Mutual
- The Children’s Mutual’s mission is to help parents, grandparents, family and friends fulfil their hopes for today’s children. We offer both a shares-based Junior ISA and Child Trust Funds, so whichever your child is eligible for, we could help you aim for a great start in life for them.
- The Children’s Mutual has been focusing on family finance for nearly 130 years and has championed children’s savings for over a quarter of a century.
- The Children’s Mutual is a trading name of the Tunbridge Wells Equitable Group, which includes the parent firm – Tunbridge Wells Equitable Friendly Society Limited, which is a mutual organisation, launched in 1881.