New figures suggest £1.4bn belonging to 728,000 people is ready to be claimed in the form of a child trust fund now they have turned 18. Many do not know the accounts exist, according to a charity that traces lost funds.
People born between September 2002 and January 2011 had a Child Trust Fund kickstarted by a payment, usually £250, from the government. The idea was the long-term tax-free savings pot would go up in value by their 18th birthdays so if you were born between these dates or have a child who was born between these dates it is worth trying to trace it.
Child trust funds can be found using the following link: Child Trust Fund: Find a Child Trust Fund – GOV.UK