Child Trust Funds: £394 million unclaimed
A recent report has revealed that £384 million of Child Trust Funds (CTFs) have been left untouched by their now adult owners. Could that be you?
Child Trust Fund (CTF)
Calling all young adults
Nearly all children born between 1 September 2002 and 2 January 2011 were the lucky recipients of a government handout – usually £250 or £500 – which was locked away in a Child Trust Fund (CTF). Child Trust Fund money continues to be forgotten.
Are your young adults missing out on their Child Trust Fund?
HMRC urges parents of teenagers to check for hidden cash in forgotten Child Trust Funds. Does that include you?
A £9bn Child Trust Funds backwater
Over £9 billion was invested in Child Trust Funds (CTFs) as of April 2020, according to new HMRC data.
Out with the old and a boost for the new for children’s savings
Child Trust Funds are reaching maturity on 1 September. CTFs and Junior ISAs (JISAs) are tax efficient ways of saving for children: the annual subscription limit has now doubled. Worth considering for younger savers’ long term investments.