A total of £1.4bn has been left in one type of account that thousands are yet to take advantage of
Young people across the country are being encouraged to put a claim in for potentially forgotten account and receive an average of £2,212.
Technical Officer for LITRG, Joanne Walker, previously highlighted the problem, stating: "There are many young people who are not aware they have a Child Trust Fund. Their parent or guardian may not have taken up the government's offer when they were born, but HMRC would have opened an account on their behalf."
HMRC highlighted that the form needs to be completed in one sitting as it won't save. Therefore, it's important yo uhave all the details you need available before you start.
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