Forgotten Child Trust Funds – is there £2,000 waiting for your child?

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Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing, however, it may no longer reflect our views on this topic.

Unclaimed Child Trust Funds total £1.7 billion and there might be one with your child’s name on it. Here we look at where the money is and how you can find it.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

25 August 2023

In a time when we’re all under huge financial pressure, any additional income could be crucial, particularly for young people.

The 2023 HL Savings & Resilience Barometer, released in July, found that on average those aged 20-24 don’t have any money left over at the end of the month. In fact, they’re spending more than they earn.

During the same period of penny pinching, these individuals could have hundreds or even thousands waiting in an account that they know nothing about.

This article is not personal advice. If you’re unsure what is right for you, please seek advice.

Child Trust Funds were automatically set up for children born between 1 September 2002 and 1 January 2011.

Parents needed to make a choice about whether their