If your child was lucky enough to receive a child trust fund from the Government you need to make sure they are claiming their entitlement when they turn eighteen. There is a potential £2,100 which may be there for them to claim.
Trust fund accounts were set up for every child born between 1 September 2022 and 2 January 2011. A payment of £250 was made for each child with the account maturing when they are eighteen. If no account was opened by their parent HMRC automatically opened an account for them.
The scheme no longer exists as it was closed in January 2011 and was replaced with a junior individual savings account.
If you have a child born between this period and you know the child trust fund provider they should be contacted directly or you can visit www.gov.uk and complete an online form to find out where the trust fund is held. Here is the link should you need to investigate further.
