The financial guru said up to a million Child Trust Fund accounts may have been forgotten
Money saving expert Martin Lewis has urged teenagers and their parents to check that they're not missing out on up to £2,000. He said that those aged 12 to 20 will have had a Child Trust Fund account set up by the Government, but that up to a million have been forgotten about.
He continued: “These Child Trust Funds were savings which locked money away until you were 18, and some of you will be 18 now, so the money is no longer locked away. Martin then explained how much money teenagers may be missing out on. He said: “To put this in context, GOV.UK estimates that the average child trust fund has £2,100 in now. I think if it was inactive and nobody put money and you’ve probably got less than that, but it’s still likely to be 3-4-500,or £1,000 or possibly more so this is really important.
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