Path clear for CTFs to become Jisas

Regulations have been set out to allow child trust funds to be transferred to Junior Isas at the start of the 2015/2016 tax year.

Under the Deregulation Act, which received Royal Assent last week, legislation is now in place to allow the old CTFs to be transferred to the new Jisa regime.

The CTF regime saw 6.3m children take up the offer of government vouchers to invest.

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