Thought for the Week: Don't waste the Child Trust Fund harvest!

Hrkn to .. Thought for the Week · May 22, 2023 · 12m

There's currently over £1.7 billion sitting in mature Child Trust Funds belonging to over 900,000 mainly low-income young adults throughout the UK who don't know anything about their good fortune. Linking these accounts to their rightful owners is seeing far too little action at present: Andrew Griffith MP, Economic Secretary to HM Treasury recently dismissed Child Trust Funds as an 'old scheme'. In fact it's anything but — like a crop ready for harvesting, this is the time to link these accounts, and the current focus from the National Audit Office and Public Accounts Committee will…