Comment on decision to allow Child Trust Fund holders to transfer savings into Junior ISAs

23 December 2013

Commenting on the Government’s decision to allow Child Trust Fund (CTF) holders to transfer their savings into Junior ISAs (JISA), Guy Simmonds, Nationwide’s Head of Product, Protection & Investments, said:

“This is good news for parents. As one of the largest providers of both CTFs and JISAs, Nationwide has consistently echoed our members’ call for more flexibility in the way they save for their children.

“Whether it’s tuition fees, first car, or help towards a deposit on a first home, parents, family and friends want a simple and preferably tax-efficient way to save for a child’s future. This change is a welcome step to improve the simplicity and flexibility of accounts available.”

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