News · 31 July 2026
Parents of children born 2002-2011 could claim £2,212
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More than 750,000 young adults might be missing out on an average payout of £2,200 from Child Trust Funds. These long-term, tax-free savings accounts were set up by the government with an initial £250 deposit for children born between September 1, 2002, and January 2, 2011. Young people can take control of their fund at 16 and withdraw money when they turn 18.
Reported by Mirror · How we write briefs