HMRC urges nearly 430,000 young people to claim Child Trust Fund cash
Published by Michael Graves on Wed, 11/10/2023 - 9:03amHMRC has urged almost 430,000 young people with an unclaimed Child Trust Fund (CTF) to claim their cash.
CTFs are tax-free savings accounts that were created for every child born between 1 September 2002 and 2 January 2011. The government contributed an initial deposit of at least £250. Family and friends can contribute up to a maximum of £9,000 in any one year into an existing CTF account.