Almost 430,000 young people urged to claim their cash
WEBSep 18, 2023 · Almost 430,000 18-21 year olds with an unclaimed Child Trust Fund, worth an average of £2,000, are being urged by HM Revenue and Customs (HMRC) to claim their cash as part of UK Savings Week...
Child Trust Funds: Millions of pounds stuck in 80,000 accounts
WEBTens of millions of pounds belonging to about 80,000 young people without capacity to make financial decisions could be locked in trust funds, a report suggests.
Child Trust Funds: Nearly a million accounts not accessed - BBC
WEBNearly a million young people have yet to claim their Child Trust Funds, MPs have warned. The Public Accounts Committee estimates that more than £1.7bn is sitting in accounts waiting to be...
Teens locked out of Child Trust Funds also risk benefits cut
WEBJun 14, 2023 · Millions of children born between 2002 and 2011 received between £250 and £500 through the then-Labour government's Child Trust Fund scheme.
671,000 young people urged to cash in their government savings …
WEB16 hours ago · HM Revenue & Customs. Published. 24 September 2024. Young people urged to claim their Child Trust Fund. £2,200 on average waiting in unclaimed accounts. More than 670,000 18-22 year olds yet to ...
HMRC alerts Gen Z to potential £2,000 windfall from forgotten child ...
WEB15 hours ago · The revenue body is reminding 18 to 22-year-olds with unclaimed child trust funds (CTFs) about their windfalls with the average savings pot worth £2,212. CTFs were set up for children born ...
Child Trust Funds: Teenagers get first chance to access cash - BBC
WEBAug 31, 2020 · BBC. Millions of people turning 18 from now will be able to withdraw money from Child Trust Funds for the first time. Children born from September 2002 were given vouchers by the government...
HMRC Child Trust Fund plea as thousands missing over £2,000
WEB15 hours ago · The revenue body is reminding 18 to 22-year-olds with unclaimed child trust funds (CTFs) about their windfalls – with the average savings pot worth £2,212. CTFs were set up for children born ...
Teens locked out of Child Trust Funds also risk benefits cut - BBC
WEBJun 14, 2023 · Thousands of disabled young people who have money stuck in Child Trust Funds could also have their benefits cut. About 80,000 young people have savings in trust funds and are unable to...
Vulnerable teens still locked out of Child Trust Funds
WEBMar 20, 2024 · Tens of thousands of young people with special educational needs and disabilities remain locked out of their savings held in Child Trust Funds – and the Government must do more to help them, a cross-party group of MPs have said.
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