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HMRC urges people born within nine-year priod to come forward for free £2,000

  • HMRC is encouraging families to help young adults track down lost savings from Child Trust Funds, with around £1.4 billion unclaimed for 728,000 individuals aged 18 to 22.
  • Individuals born between September 1, 2002, and January 2, 2011, may have an average of £2,200 in a Child Trust Fund waiting to be claimed.
  • The Share Foundation is urging young people to locate their Child Trust Funds, as over 450,000 have successfully used the free Gov.uk tool to find theirs.
  • Latonya Skye-Paterson discovered £955 in her Child Trust Fund after being advised by her college tutor, highlighting the potential value of these accounts.
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caithness-business.co.uk broke the news in on Saturday, January 18, 2025.
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