Does your child have a Child Trust Fund you don’t know about?
In 2005, the government introduced Child Trust Funds (CTF) to help parents build a nest egg for their child’s future.
The policy meant that anyone born in the UK between 1 September 2002 and 1 January 2011 would receive a CTF voucher. If you are one of the many parents who forgot to set up an account for your child or you just weren’t aware the policy existed, your child may still have an account with money waiting for them when they turn 18.
This is because the government chose a handful of providers, such as OneFamily, to invest the vouchers on behalf of recipients.
With many of the first recipients of the scheme turning 17 in just a few months providers are urging families to track down their accounts.
You can find out more about how to do this at gov.uk/child-trust-funds