Teenagers missing out on a stash of cash

Teenagers could have an average of £2,100 in their Child Trust Fund savings account waiting to be claimed. HM Revenue and Customs (HMRC) are reminding Tens of thousands of teenagers who have not yet claimed their matured Child Trust Funds savings could have thousands of pounds waiting for them. Child Trust Funds are long-term savings … Continue reading Teenagers missing out on a stash of cash

Check what financial help you can get from HMRC

HM Revenue and Customs claim to want to make it as easy as possible for individuals and their family to claim any benefits, credits and allowances that they might be entitled to. They have pulled together a list of all support they can offer. Check what financial help you can get from HMRC Find out … Continue reading Check what financial help you can get from HMRC

Helping families access Child Trust Funds

Families seeking access to small funds belonging to loved ones who lack mental capacity are to benefit from a simpler and quicker system, under plans set out by ministers. A new streamlined process will allow withdrawals and payments from cash-based accounts, such as a Child Trust Fund (CTF) or a Junior ISA, up to £2,500 … Continue reading Helping families access Child Trust Funds

Thousands of teenagers missing out on Child Trust Fund cash

HM Revenue and Customs (HMRC) is urging young people to check if they have a hidden pot of gold – in the shape of a Child Trust Fund (CTF). It is now one year since the first account holders started turning 18 and around 55,000 CTFs mature every month. This means their owners can withdraw funds or … Continue reading Thousands of teenagers missing out on Child Trust Fund cash