Have your say on government e-petitions

Allow Child Trust Funds to be placed in Help to Buy ISA’s for those who are 16ys

Submitted on Saturday 21st September 2019

Published on Friday 27th September 2019

Current status: Closed

Closed: Wednesday 6th November 2019

Signatures: 6

Tagged with

Child

Petition Action

Allow Child Trust Funds to be placed in Help to Buy ISA’s for those who are 16ys

Petition Details

The deadline to open a H2B ISA is November 30th - you must be 16yrs old to open one.
A 16yr old with a stocks and shares CTF only has the option to secure it in a junior ISA.
I believe they should have the option of placing it in a H2B ISA to give them a head start on buying their first home

Additional Information

The first deposit into a H2B ISA is capped at £1200, then monthly deposits capped at £200 after that. A CTF should be able to be used for this first deposit and any surplus in the CTF placed in a standard junior ISA .


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