Claim Child Trust Fund
The HMRC is encouraging young people to claim their Child Trust Fund savings. This savings scheme was set up for children born between 2002 and 2011. Claiming these funds can provide a financial boost to young adults
Key takeaway
You can claim your Child Trust Fund savings to get a financial head start
- Child Trust Funds are available for children born between 2002 and 2011
- Claiming these funds can provide a financial head start
- Young people can use these funds to support their further education or career goals
What happened
The HMRC has announced that young people can claim their Child Trust Fund savings during National Apprenticeship Week. This is a reminder to those who are eligible to claim their funds and use them to support their future goals. The Child Trust Fund scheme was set up for children born between 2002 and 2011, and the funds are now available for claim.
What this means for you
If you were born between 2002 and 2011, you may be eligible to claim your Child Trust Fund savings. This can provide a financial boost to help you with your education or career goals. You can use these funds to support yourself while you are studying or undertaking an apprenticeship. Claiming your Child Trust Fund savings can be a great way to get a head start on your financial future.
Source
HMRC
Read original article (opens in new tab)This article is based on reporting from HMRC. Ratio Report provides context and analysis for UK students and young adults.
FAQ
Frequently Asked Questions
What Is The Child Trust Fund?
How Do I Claim My Child Trust Fund?
Can I Use My Child Trust Fund For Anything?
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