Question asked in House of Lords
ISA and CTF rules give tax planning opportunity
Contributions to Child Trust Funds (CTF) are continuing to climb despite the gloomy market conditions, according to The Tax Incentivised Savings Association (TISA).
The Children's Mutual has called on more IFAs to include questions on CTF commitments as part of their standard fact find questionnaire to clients.
Most parents with Child Trust Funds (CTFs) are failing to make the most of them because they are not topping them up, research suggests.
Latest government figures on the takeup of CTF accounts have been criticised and lauded in equal measure ahead of Child Trust Fund Week commencing 15 January.