Come 1 November 2011 parents will have a new children's savings option in the form of the junior individual savings account (Isa). The junior Isa will replace the child trust fund (CTF), another government-sponsored savings scheme, which closed for new applicants on 2 January this year. However, existing CTFs will continue to be run until their maturity - that is, when the child in whose name they were opened turns age 18.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis