Hi,I'm trying to set-up a Junior ISA to replace my son's CTF, as per this post.
The Junior ISA application form (which doesn't specifically mention CTFs, but the linked post above suggests I should treat the CTF as I would do a preceding Junior ISA that I will transfer to the new one) suggests that I have to open the Junior ISA first and will then be sent a form to transfer my son's old Junior ISA (or in his case CTF) into the new Junior ISA.
However, when I get to the ISA Declaration, it contains this item:
* The child does not have a Child Trust Fund account
...which obviously currently is not true. I presume I'm supposed to accept the declaration on the basis that once the process has all completed he won't have a CTF - but it's not at all clear. Anyone else been through this?
The Junior ISA application form (which doesn't specifically mention CTFs, but the linked post above suggests I should treat the CTF as I would do a preceding Junior ISA that I will transfer to the new one) suggests that I have to open the Junior ISA first and will then be sent a form to transfer my son's old Junior ISA (or in his case CTF) into the new Junior ISA.
However, when I get to the ISA Declaration, it contains this item:
* The child does not have a Child Trust Fund account
...which obviously currently is not true. I presume I'm supposed to accept the declaration on the basis that once the process has all completed he won't have a CTF - but it's not at all clear. Anyone else been through this?