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Over a million eligible young people have not yet claimed their Child Trust Fund (CTF) money worth on average £2,100, new research from Wealthify reveals.
HMRC's Trust Registration Service has brought about a hidden administrative burden, writes Rachael Griffin. Here she explains the issues...
More than one-quarter of Child Trust Fund accounts are estimated to be untouched one year after maturing, according to a report by the National Audit Office.
More than one-quarter of Child Trust Fund accounts are estimated to be untouched one year after maturing, according to a report by the National Audit Office.
Use the online service to update details of your trust, declare no changes, authorise an agent, or close a trust on the trust register.