Child benefit changes Q and A – how they may affect you
How are you affected by the child benefit changes coming in from January if – for example - you and your partner split up?
The government’s child benefit changes coming in from January 7th are not the most straightforward. I’ve written an article that’s a basic guide to the child benefit changes, but I’ve also had lots of questions about what counts towards the £50,000 income threshold and what happens if your partner won’t tell you about his or her finances and who pays the tax charge if a new partner moves in.
If you have a child trust fund, you’ll be able to transfer it to a junior ISA from April 2015
The government will change the rules so that child trust funds will be able to be merged with junior ISAs.
If your child has a child trust fund, you’ll be able to transfer it to a junior ISA from April 2015, under plans announced by George Osborne in an interview today. At the moment, due to a badly-thought through policy of ditching child trust funds and introducing junior ISAs, your child can’t have both a child trust fund and a junior ISA, and you can’t transfer one to the other.