Child Trust Funds Waiting for Young People Born 2002 and 2011 - FREE Money From the UK Govrnment

19th January 2025

A Child Trust Fund (CTF) was a tax-free savings account for children born in the UK between 2002 and 2011. The government contributed money to the accounts, which became available to the child when they turned 18.

How did it work?
The government paid money into the accounts
The child could access the money when they turned 18
The scheme was designed to encourage children to develop a savings habit

What happened to CTFs?
New accounts can't be created anymore, but existing accounts can still receive money

CTFs were replaced by Junior ISAs
What happens if a child can't access their CTF?
If a child can't make their own financial decisions, you can apply for a court order
In England and Wales, you usually won't pay court fees if you apply before the child's 18th birthday

Where can you learn more?
You can learn more about CTFs on GOV.UK
https://www.gov.uk/child-trust-funds

You'll be asked for your National Insurance number. You’ll also need your adoption details if they apply.

If you’re a parent or guardian looking for a child’s trust fund, you’ll need:

the child’s full name, address and date of birth
any previous names you or the child have used
You can include the child’s National Insurance number if you have it.

Hundreds of thousands of young people have this money sitting in accounts they do not know about It is easy to check on the government web site and no need to use private tracing companies.
You can also learn more from
MoneyHelper