Clause 1 — Removal of eligibility for child trust fund
Savings Accounts and Health in Pregnancy Grant Bill
John Hemming (Birmingham, Yardley, Liberal Democrat)
There is no reason why a junior ISA should be any less effective for the corporate parents. The issue is that running the computer systems for the child trust fund costs £5 million a year. That cost would not affect local authorities but would mean central Government incurring an extra £5 million in administrative costs now to give children in care £2 million in 18 years' time.