Archive · 3 Oct 2025
Over £1.5 Million Unclaimed in Child Trust Funds
Child Trust Funds were savings accounts the government set up for kids born between 2002 and 2011.
The government put money in, and parents could add more.
Now, young people aged 18 to 23 can claim this money.
Over £1.5 million is waiting to be claimed.
If you're eligible, check your details online; it only takes a few minutes.
When you turn 18, you can decide what to do with the money, which could be used for savings or other investment options.
Be careful of third-party services that may charge high fees for helping you find your account.
Over £1.5 million in Child Trust Funds remains unclaimed.
Child Trust Funds were established by the Labour government.
Accounts were opened for children born between September 2002 and January 2011.
Eligible individuals can claim funds at age 18.
HMRC provides a locator tool for those unsure of their account details.
- Who
- Young people aged 18-23.
- What
- Unclaimed funds from Child Trust Funds.
- When
- Accounts were opened between September 2002 and January 2011.
- Where
- Accounts are held by banks and building societies.
- Why
- Many young people are unaware of or have forgotten about their accounts.
- Total Unclaimed
- Over £1.5 million
- Eligible Age Range
- 18-23
- Account Establishment Period
- September 2002 - January 2011
- Average Unclaimed Amount
- £2,242
- Government Contribution
- £250 initially, £500 for low-income families