671,000 UK young adults aged 18-22 are encouraged to claim unclaimed Child Trust Funds averaging £2,212.
HM Revenue and Customs (HMRC) is encouraging 671,000 UK young adults aged 18-22 to claim unclaimed Child Trust Funds (CTFs) averaging £2,212. Established for children born between September 2002 and January 2011, CTFs included initial state deposits. Young people can control these funds at 16 and withdraw them at 18. HMRC advises using the free online tool on GOV.UK to locate accounts, warning against paid third-party services that may charge fees.
September 24, 2024
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