Time to cash in your Child Trust Fund

Many young people aged 18–23 may have forgotten they have savings in a Child Trust Fund account. These accounts were set up by the government for children born between 1 September 2002 and 2 January 2011, with an initial deposit made into each account. The funds become available when the individual turns 18, and the average amount claimed is around £2,200 - yet hundreds of thousands of accounts remain unclaimed. 

HMRC is encouraging young people to check if they have a CTF and claim their money. They don’t need to pay someone to do it, they can easily find their provider for free on Child Trust Fund: Find a Child Trust Fund - GOV.UK