Question to the Ministry of Justice:

To ask the Secretary of State for Justice, whether her Department plans to take steps to help ensure the parents and guardians of disabled children are able to access (a) Child Trust Funds and (b) Junior ISAs.

Where a young adult lacks mental capacity, including due to a disability, the law requires parents or a guardian to have legal authority to make decisions on their behalf about financial assets or property. This includes in relation to accessing funds held in a Child Trust Fund or a Junior ISA.

On 9 June 2023, the Ministry of Justice published the ‘Making Financial Decisions for young people: parent and carer toolkit’, explaining the process by which parents and guardians of disabled children are able to obtain legal authority if no other arrangements are in place. This can be done by making an application to the Court of Protection for an order authorising access to monies held in a Child Trust Fund or Junior ISA. The toolkit is available on GOV.UK.

We understand that concerns remain, and the Ministry of Justice is exploring what further can be done to help improve access to matured Child Trust Funds.