Pay Attention - Is Your Child Due A £2,000 Windfall?
20th August 2020
Over a million Child Trust Funds lie forgotten, some with balances of over £2,000. With the first accounts due to mature on Saturday, here's how you can check if your child is due a four-figure windfall.
[url=https://www.lovemoney.com/news/76673/is-your-child-due-a-2000-windfall]Is your child due a £2,000 windfall?[/url]
[url=https://www.lovemoney.com/news/89519/child-trust-funds-2billion-yet-to-be-claimed]Child Trust Funds: £2 billion yet to be claimed[/url]
This is serious money that could be due to young people and may have been forgotten or perhaps never registered but the money is still there as gift from government at birth for a lot of people.
Grandparents or anyone should think about letting everyone know.
Well worth checking is your son or daughter is about to become 18
Find a Child Trust Fund
You can find out where a Child Trust Fund (CTF) is held if you do not know the provider.
Fill in the form online to ask HM Revenue and Customs where the account was originally opened
You'll need a Government Gateway user ID and password. If you do not have a user ID, you can create one when you fill in the online form.
If you're a parent looking for your child's trust fund, you'll need either:
the child's Unique Reference Number (you’ll find this on your annual CTF statement)
their National Insurance number
If you’re looking for your own trust fund, you’ll need your National Insurance number
HMRC will send you details of the Child Trust Fund provider by post within 3 weeks of receiving your request.
HMRC will contact you for more information if you’ve adopted the child or a court has given you parental responsibility for them.
Applying by post
You can also contact HMRC by post to find out where a CTF is held.
Charities, Savings and International 1
If you’re a parent looking for your child’s trust fund, you’ll need to include your full name and address and all of the following:
child’s full name and address
child’s date of birth
child’s National Insurance number or Unique Reference Number if known
If you’re looking for your own trust fund, you’ll need to include all of the following:
your full name and address
your date of birth
your National Insurance number or Unique Reference Number if known