Government urges 670,000 young people to claim their Child Trust Fund savings

Government urges 670,000 young people to claim their Child Trust Fund savings

More than 670,000 young people are yet to claim their Child Trust Fund savings.

Young people urged to claim their Child Trust Fund

About 671,000 18-22-year-olds are being urged to cash in their Child Trust Fund account, which are long-term, tax-free savings accounts.

Child Trust Fund: 671,000 young people urged to cash in their government savings pot

More than 670,000 18-22 year olds yet to claim their Child Trust Fund are reminded to cash in their stash as HM Revenue and Customs (HMRC) reveals the average savings pot is worth £2,212. Child Trust Funds are long term, tax-free savings accounts which were set up, with the government depositing £250, for every child […]