Child Trust Fund: Public consultations
This section contains information about public consultations relating to the child trust fund (CTF).
- May 2013 – Transfer of savings from CTF to junior ISA
In Budget 2013, the Government announced it would consult on the option to allow transfer of savings from a CTF account to a junior ISA, whether to allow such transfers and how they could take place. This consultation commenced 14 May 2013 and ends on 6 August 2013
Stop press: (23 December 2013). In response to the consultation, the government has today announced that it will be taking legislative powers to enable the voluntary transfer of savings from a Child Trust Fund to a Junior ISA. It will also be taking powers that will allow further intervention in the Child Trust Fund market in case this is required at a later date. See Consultation outcome Child Trust Fund: transferring savings to a Junior ISA.
- October 2007 - Voucher Requirement for Account Opening
In October 2007 HMRC opened a consultation seeking views on whether removing the need for parents to send in a voucher as part of the CTF process would improve take-up rates.
The consultation document was accompanied by an impact assessment.
- December 2004 - Consultation on age 7 top-up payments
HMRC issued a consultation as part of the 2004 Pre Budget Report about Age 7 top-up payments for the CTF.
Further issues relating to the consultation.
- November 2001 - Delivering Saving and Assets The Modernisation of Britain’s Tax and Benefit System
This document built on the April 2001 document and set out the key features that CTF would be based upon.
- April 2001 - Savings and Assets for All: The modernisation of Britain’s Tax and Benefit system
Published in April 2001, chapter 5 of the document discusses CTF as one of the methods of ensuring the benefits of saving are more widely available.
Updated 23 December 2013