#unclaimed-savings

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#child-trust-funds #journalism-funding #paywall-free-news #child-trust-fund #hmrc #young-adults
UK politics
fromwww.independent.co.uk
6 days ago

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

Hundreds of thousands of young adults have not claimed their child trust fund savings, while The Independent seeks donations to fund paywall-free on-the-ground journalism.
fromwww.independent.co.uk
4 months ago

HMRC urges 758,000 adults to check if they have unclaimed child trust fund

The tax collection department says that around 758,000 young adults have yet to claim their child trust funds, worth 2,240 on average. These funds are long-term, tax-free savings set up for every child born between 1 September 2002 and 2 January 2011. The government deposited 250 in each, with those in low-income families or in local authority care receiving an additional 250. Young people can take control of this account at 16 and withdraw funds when they turn 18.
US politics
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