IMA calls for govt contribution to Junior ISAs

Junior ISAs were launched in April and are open for any children without child trust funds (CTFs). They belong to the child, cannot be accessed until the child is 18 and convert into an ISA on adulthood. However, unlike their predecessor child trust funds (CTFs) which closed in January this year, there will be no government contribution. The IMA is now urging the government to "prioritise the reintroduction of some form of contribution at birth when the economic environment begins to improve, at the very least for families on low incomes." Also raised were questions over the appli...