Almost 3 million young adults have been identified as potentially unclaimed beneficiaries of Child Trust Funds, with authorities urging eligible individuals to check online for their accounts. Child Trust Funds were government-backed savings accounts opened for children born between 2002 and 2011, which mature and become accessible when beneficiaries reach age 18. Young people are being encouraged to locate and claim their funds through the official online portal. This outreach campaign aims to help a substantial number of eligible account holders access savings that may have accumulated over more than a decade.
Source: HMRC (GOV.UK) – Read the original