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Child Trust Funds Ministerial Statement, 06/01/14 [E/NI/S/W]

Ministerial Statement in the House of Commons on 6 January 2014 from the Exchequer Secretary to the Treasury, David Gauke, on child trust funds.

He said:

"On 23 December 2013 the Government published their response to the child trust fund consultation.

In response to the consultation the Government will be going ahead with their proposal to allow the voluntary transfer of savings from child trust funds to junior ISAs if requested by the registered contact for an account (usually the parent or guardian).

The Government will be taking legislative powers to both permit these transfers and to allow for further intervention in the market in case this is required at a later date".

For full details see the House of Commons Hansard 6 January 2014 which is available from the UK Parliament website.

Further Information

House of Commons Hansard 6 January 2014