All news on the topic: Child trust funds

A new study has revealed UK parents could be saving more for their children than for the entire household, but there is a tax predicament to be mindful of

Child Trust Funds were offered to most children born between September 1, 2002 and January 2, 2011, having been launched by the Labour government - the average account has £2,000 sitting in it

The HMRC is urging people to check if they are owed unclaimed savings in the form of Child Trust Funds - with almost 430,000 people still yet to claim an average of £2,000 each

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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 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

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)