HM Revenue and Customs (HMRC) is urging people born between 1 September 2002 and 2 January 2011 to check if they have a forgotten Child Trust Fund with potential savings of up to £2,200. Over 725,000 unclaimed Child Trust Funds worth £1.4 billion exist, often opened with a £250 government deposit and further contributions from parents or guardians. HMRC encourages individuals to locate their accounts through GOV.UK or The Share Foundation's free tool.
HM Revenue and Customs have said people born between two dates are set to be due a £2,200 boost. Officials have taken to X to say people might have the forgotten cash in an account.
“They might have around £2,200 forgotten savings in a Child Trust Fund.” More than 725,000 Child Trust Funds worth £1.4 billion are currently unclaimed. If you know who your Child Trust Fund is held with, contact them and they’ll let you know your next steps. If you’re not sure if you have a Child Trust Fund, or you’ve lost the details, Find your Child Trust Fund for free at GOV.UK. You can also use The Share Foundation’s free tool to locate it.
Child Trust Fund Savings HMRC Forgotten Money GOV.UK
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