More than 750,000 young adults missing out on thousands how to check and claim
Briefly

More than 750,000 young adults missing out on thousands  how to check and claim
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"More than 750,000 young adults are missing out on an average of 2,242 which is easy to claim, the government has warned. New findings from HMRC reveal that 758,000 people have yet to claim the savings in their child trust fund account, missing out on a massive cash boost. These funds are long-term, tax-free savings set up for every child born between 1 September 2002 and 2 January 2011."
The Independent covers reproductive rights, climate change and Big Tech and produces documentaries such as 'The A Word' spotlighting American women fighting for reproductive rights. The outlet emphasizes parsing facts from messaging, operates without paywalls, and asks for donations to fund on-the-ground reporting trusted across the political spectrum. HMRC data shows 758,000 young people have not claimed child trust fund savings, missing an average of £2,242. Child trust funds were created for children born between 1 September 2002 and 2 January 2011 with initial government deposits and extra payments for low-income families. Account holders can take control at 16 and withdraw at 18. Parents can contribute up to £9,000 a year.
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