£400m in Child Trust Funds opened 18 years ago waiting to be claimed
Teenagers are sitting on £400 million in childhood savings they may not know exist. Around 200,000 Child Trust Funds (CTF) are still waiting to be claimed - with an average of £2,000 in each, figures reveal. The investment and cash savings accounts were opened for every child born between September 1, 2002, and January 2, 2011. Up for grabs: Around 200,000 Child Trust Funds are still waiting to be claimed - with an average of £2,000 in each, figures reveal The Government also put up to £1,000 in each. The funds can be cashed in on the child's 18th birthday. But since accounts began ...
Source: thisismoney.co.uk