On Tuesday 16th November, the Ministry of Justice announced the launch of a Consultation around a new, streamlined process that would allow withdrawals and payments up to £2,500 from cash-based savings accounts including Child Trust Funds and Junior ISAs without the need to get permission from the Court of Protection.

This news marks the most significant update in the campaign to date.

What does this mean?
The proposal is for a simplified procedure to allow families in England and Wales to get access to small sums in savings accounts belonging to a young person who lacks mental capacity, without having to apply to the Court of Protection.

Is this good news? 
Whilst the proposals will help many families, we believe that they don't go far enough in helping thousands of children access money that was saved for their future. 

In this article, we explore what this means for families and our view on this update in light of the wider Child Trust Fund Access campaign - and how you can add your voice to the consultation and help us achieve the best possible outcome for families:

https://www.renaissancelegal.co.uk/blog/child-trust-fund-campaign-update-ministry-of-justice-announce-consultation-for-new-process/