UK tax agency pushes young adults to claim unused Child Trust Funds, with over £1.4 billion unclaimed.

HMRC encourages 18-21-year-olds to claim unclaimed Child Trust Funds, worth an average of £2,000, set up for those born between 2002 and 2011. Over £1.4 billion remains unclaimed across 6.3 million accounts. A charity proposes automatic withdrawal at age 21 for unclaimed funds, but HMRC notes the complexity of implementation.

2 months ago
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