Unclaimed Child Trust Fund
Aged 18 – 21?
You may have an unclaimed Child Trust Fund
HM Revenue and Customs (HMRC) are advising that almost 430,000 18-21 year olds may have an unclaimed Child Trust Fund, worth an average of £2,000.
Child Trust Funds are long-term, tax-free savings accounts and were set up for every child born between 1 September 2002 and 2 January 2011, with the government contributing an initial deposit of at least £250. Funds can be withdrawn once the account matures when the child turns 18.
To find out if you have an unclaimed account, young adults and parents can search on GOV.UK to find out where their Child Trust Fund account is held.