Caz and Ian

child trust funds and kids ISA

    Recommended Posts

    Just wondered what anyone has done re child trust fund / ISA accounts if they have them for their children. Did you freeze them or are you continuing on paying in?

    Just unsure of whats best to do, many thanks

    Share this post

    Link to post
    Share on other sites

    We left ours as they stood (which, given they were all three in the Britannia, might not have been such a clever move!). We do intend, at some point, to resume paying into them and I know that one grandparent has continued with the direct debit but since the accounts belong to the children and not us there wasn't much that could be done with them and the bank has been quite accommodating in sending statements and such to us over here - we didn't need to keep a UK address to keep the account open (unlike my Halifax savings which had to be closed).


    As far as I'm aware children's savings here are taxed so I'm not sure what the long term implications of these accounts might be for our children but it's definitely got to be better to have them than not.

    Share this post

    Link to post
    Share on other sites

    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now