Category: Family law

Good News for Child Savers

Good News for Child Savers

family held in hands-xsmlChanges in Legislation means Good News for Child Savers

Thanks to legislation introduced this April, 2014 which follows a consultation by HM Treasury, from April, 2015, parents of some six million children with savings in Child Trust Funds (CTFs) will now be able to convert their CTFs to Junior ISAs.

Up until now, the government has blocked parents from transferring money from CTFs into Junior ISAs, trapping these young savers into accounts with very poor, uncompetitive rates as compared to ISAs. For example, the best interest rate on a CTF is around 3% as compared to 6% on a Junior ISA.

What this essentially means is that children will have access to a much better choice of products, offering better savings rates for a greater return on their investment. They will also pay lower charges.

Financial experts have hailed this as ‘great news’ for child savers.

CTFs were introduced by the Labour Government in 2005 when 1 million children born between September, 2002 and January, 2011 were given vouchers of £250 each by the government to kick-start their savings.

However, the Coalition government scrapped them in 2011.  As a result, and as quoted by Danny Cox of investment firm Hargreaves Lansdowne, “Child trust funds have been in terminal decline since 2011, seeing millions trapped in expensive products.”

The current advice given to parents is to carry on saving in CTFs until April 2015 when they can then be converted into Junior ISAs.

More information about Child Trust Funds and the new legislation can be found on the government’s website at

 This article is intended for general information purposes only and  shall not be deemed to be, or constitute legal advice. Newnham &   Jordan Solicitors cannot accept  responsibility for   any loss as a result of acts or omissions taken in  respect of this   article or any external articles it may refer or link to.


Changes in Child Maintenace

Changes in Child Maintenace

Proposed New Child Maintenance System

The Child Support Agency (CSA) is being wound up and replaced by the Child Maintenance Service (CMS).

The current proposals are:

  • To impose an application fee to the CMS of about £20.
  • An ongoing deduction which may be around 7%. This will be paid by the parent with day to day care of the children.

The application fee will be waived if the applying parent has suffered domestic abuse and reported it to the police or a relevant agency. It appears that the ongoing deduction will be paid by all parents receiving child  maintenance.

Rolling out at the end of 2012 and during 2013.

The Department of Work and Pensions intends to roll out the process of opening child maintenance cases under theCMSscheme later this year for applications made by a parent with 4 children who have the same father. Most other families will come under the new scheme in 2013.

Government policy  favours encouraging direct payment by one parent to another. At present theCSAcan provide an assessment, but parents can agree for payments to be made directly without the involvement of the CSA in collection. Under the new scheme it is being proposed that if a parent fails to make a direct payment, they will have to pay a collection  surcharge of perhaps around 20% of the child maintenance payment.

Newnham and Jordan Solicitors based in Wimborne can provide advice on family law related matters. We offer a free initial meeting at a place and time convenient to you. We also offer competitive fixed fees for Divorce and Dissolution of Civil Partnership and Financial Orders. Or call us on 0845 680 7871 (local rate)


This article is intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.

Fixed Price Divorces – Too Good To Be True?

Newnham & Jordan, Solicitors launch a high quality fixed price family law scheme.
Too Good to Be True?

£500 plus  VAT plus  £410 court fees. That’s a total of £1010.00

We offer a fixed fee  if you divorce your husband or wife – which includes not only our fixed fee, but also VAT and the Court fees to issue the petition and apply for decree absolute. And just £300 plus VAT if you are the party being divorced.

That includes up to 1.5 hours free face to face meeting at a time and place of your choosing including weekend and evenings.

For the children, or property and financial or other matters, we will supply you in almost every case, with a fixed quote for each aspect of the work that you will need us to carry out. So you will know from the outset how much it is going to cost you.

So what about those £99 divorces?

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Fixed Price Divorces  – Too Good To Be True?

Parents face charges for Child Maintenance

Latest Government proposals concerning child maintenance include charges to parents who need state help to agree child maintenance payments.

Under government proposals the CSA, part of the Child Maintenance Enforcement Commission, is to be wound down. The process is planned to begin next year. As part of the proposed new system parents will have to show they have taken reasonable steps to try to reach a private agreement with an ex-partner before being able to use the new child maintenance system. If parents were able to reach an agreement, then it seems unlikely they would have approached the CSA, or any subsequent replacement, in the first place.

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EU cross-border maintenance

The European Maintenance Regulation comes into force across all 27 member states on 18th June 2011. The intention is for maintenance creditors to be able to obtain a decision in one member State which is automatically enforceable in another without any further formalities such as registration.
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