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UK urges 758,000 young adults to claim matured Child Trust Fund savings averaging £2,240.
HMRC is urging 758,000 young adults aged 18 to 23 in the UK to claim unclaimed Child Trust Fund savings, which matured at age 18 and now average £2,240 per account.
Established for children born between September 1, 2002, and January 2, 2011, each account received an initial government deposit of at least £250 and has grown tax-free.
While funds could be accessed at 16, full withdrawal or reinvestment is allowed at 18.
HMRC is promoting the free GOV.UK tool to help locate accounts, emphasizing the importance of claiming money that could support financial independence.
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El Reino Unido insta a 758.000 adultos jóvenes a reclamar ahorros madurados del Fondo Fiduciario para Niños con un promedio de £2.240.