Child Trust Funds: it's time to dump them in favour of Junior Isas

Money languishing in Child Trust Funds could be earning far more interest if you make a simple switch

A person holds one pound coins
(Image credit: Matt Cardy/Getty Images)

Do you have a child aged between four and 12? If so the new tax year has opened up a great opportunity for you.

Parents of children born between 1 September 2002 and 2 January 2011 were able to open Child Trust Funds to start saving for their children's future. But they have become shackles for children rather than the financial springboards they were meant to be.

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