Long live Junior ISAs – RIP Child Trust Funds
2020 sees an old plan mature and its replacement given a boost. Be prepared to feel just a little old: the first Child Trust Funds (CTFs) will mature on 1 September this year, when their owners reach the age of 18. CTFs were first launched in 2005, when nearly every child born on or after 1 September 2002 became entitled to a government payment of up to £250 (£500 for those from lower income families). At the age of seven, a second state payment of £250/£500 was made until Au