All the updated news related to child trust fund

All the news related to child trust fund updated in real time

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Personal Finance

Gen-Z age group urged to check whether they are sitting on unclaimed pot of cash

Around 671,000 young adults are sitting on unclaimed pots of cash worth more than £2,000 on average, according to HM Revenue and Customs (HMRC). The revenue body is reminding 18 to 22-year-olds with unclaimed child trust funds (CTFs) about their ...

24 Sept 2024 at 13:55

Personal Finance

Young adults with disabilities struggling to access savings, campaigners warn

Young disabled adults have been struggling to access their own money because of complex processes around child trust funds (CTFs), campaigners say. One major CTF provider said it is “deeply unfair” that it must treat account holders lacking ...

20 Apr 2023 at 12:26

Personal Finance

Almost a million young adults yet to claim their child trust funds, MPs say

More than £1.7 billion in child trust funds (CTFs) to help young people financially in early adulthood has not yet been claimed, a cross-party panel of MPs has said. The Public Accounts Committee (PAC), which scrutinises Government ...

26 Jul 2023 at 00:01

Personal Finance

Young adults urged to claim forgotten ‘pot of money with their name on’

Nearly 430,000 18 to 21-year-olds with an unclaimed child trust fund (CTF), worth an average of £2,000, are being urged to claim their cash. HM Revenue and Customs (HMRC) is encouraging young adults to claim the “pot of money with ...

18 Sept 2023 at 11:49

Personal Finance

Government rejects small payments scheme idea to tackle account access issues

The Government has decided against developing a scheme that could have allowed the parents of teenagers who lack mental capacity to access small payments from child trust funds without going through certain legal processes. ...

28 Feb 2023 at 16:10

Personal Finance

Child trust funds ‘at risk of being forgotten by their account holders’

Hundreds of millions of pounds in child trust funds (CTFs) to help young people financially in early adulthood has not yet been claimed, according to a spending watchdog. The National Audit Office (NAO) raised concerns ...

14 Mar 2023 at 00:01

Life

Have you forgotten about your £250 child trust fund?

14 Mar 2023 at 10:09

Years
2025

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