UK: HMRC urges young people to locate and claim their matured Child Trust Fund.

Child Trust Funds are long-term, tax-free savings accounts for children born between 1 Sept 2002 and 2 Jan 2011, maturing at 18.

On average, these funds are worth £2,242, giving young people a financial head start as they begin their careers.

You can find a CTF as a parent or if you are over 16.

How to act now:

1. Use the GOV.UK locator tool to quickly find your CTF (free and fast).

2. If you know where it’s held, contact the savings provider directly.

3. If you don’t know, search “find my Child Trust Fund” on GOV.UK. You’ll need your National Insurance number and Date of Birth; the HMRC app can help if you don’t have your NI number to hand.

Why it matters: Almost 758,000 young people could be missing out on cash that could support them as they start apprenticeships or early work life. The CTF scheme closed in 2011 and was replaced by Junior ISAs, but existing funds remain accessible.

You can continue paying into an existing CTF up to £9,000 per year, and funds belong to the child until they turn 18.

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