All news on the topic: Child trust funds

HMRC urged people to check in a post on X - formerly Twitter - sharing that people who were born between September 1 2002, and January 2, 2011, could have cash sitting in a Child Trust Fund which they may not know about.

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There is around £1.7billion sitting in savings accounts, pensions and investments that has been ­forgotten about - and some of it could be yours

Martin Lewis has urged parents to check if their son or daughter has a Child Trust Fund they've forgotten about - and says the average account is worth around £1,000

Martin Lewis explained how children are technically liable to pay tax - which means parents should be mindful of this if they're thinking about giving money as a gift this Christmas

The MoneySavingExpert.com (MSE) reader, known only as Kirsty, said she had no idea the Child Trust Funds even existed and shared her success story online after following tips from Martin Lewis

A man who was helped to start his business by his brother has set up a fund for his nieces and now his partner is questioning why he hasn't also done the same for her nephew

HMRC says around 430,000 people ages between 18 and 21 years have an unclaimed Child Trust Fund - this means those born between 2002 to 2005 may be eligible for a payout

Sharon Maloney was stunned when she discovered her son Jonah had £11,000 saved up in a lost Child Trust Fund account they'd long forgotten about

MPs said many young adults do not know about their savings or have lost track of them, adding that officials 'may as well have buried these billions of pounds on a desert island'

Child Trust Funds were offered to children born between September 1, 2002 and January 2, 2011, having been launched by Labour in 2005 - so do you have a forgotten account?

The money is locked away in Child Trust Funds that can’t be touched because the owners don’t have capacity to make financial decisions - instead, families must go through the courts to access the savings

Around 145,000 young people are entitled to a share of the £394million child trust funds cash pot - which works at an average of £2,717 each, according to the official spending watchdog

Martin Lewis told viewers that if they were born between September 1 2002 and January 2 2011, or have a child who was, they could have cash saved into a Child Trust Fund (CTF)