PSA: Information for parents (or anyone over 16)

Dirk Diggler · 20 Mar 2023 at 08:50

Child Trust Funds - if you didn't start one for your child born between 1 September 2002 and 2 January 2011 then the government opened an account on their behalf.
Average account balance is £2,000 and apparently around £400 Million is sitting unclaimed.

If you have no idea whether you did or did not open an account (the government will have if you didn't), then you can request HMRC to find the account for you.

Child Trust Fund

Child Trust Fund accounts - find a lost account, how to make payments, managing the account

www.gov.uk

I'll provide my PayPal details for anyone that finds their £1000's prompted by this thread.

glenimp617 · 20 Mar 2023 at 11:11

18 years seems like such a long way off, yet my son has just turned 14 and I swear it only feels like I was setting this up yesterday.

Where has the time gone :eek:

Gredawarha · 20 Mar 2023 at 13:23

Saw this and got all excited but presumably as my son was born on the 19th of January 2011 he won't have one as the scheme ended on the 2nd of January. Correct?

Dirk Diggler · 20 Mar 2023 at 13:33

I'm pretty sure that would be the case.

Gredawarha · 20 Mar 2023 at 13:44

Just gave the search function a whirl and yes it ended 2nd of January so he missed it by 17 days.

Calpol · 20 Mar 2023 at 14:06

We did this for both of ours. Paid in a bit every month and my eldest's was worth about £8k at maturity, Not a bad start in life and a lot more than I ever saw at that age. Only downside is that the younger daughter's one hasn't perfroemd quite as well so I'm having to top it up!