The Latest Breaking News from Child Trust Fund

More than half a million young adults haven’t claimed savings from accounts set up between 2005 and 2011

Many are from low-income backgrounds and are unaware of their entitlement to the savings, according to a Public Accounts Committee report.

Martin Lewis told viewers that if they were born between September 1 2002 and January 2 2011, or have a child who was, they could have cash saved into a Child Trust Fund (CTF)

Money Saving Expert Martin Lewis says up to a million people could be affected

The Money Saving Expert founder details how you may have money that many 'know nothing about' stowed away.

The financial guru said up to a million Child Trust Fund accounts may have been forgotten

The consumer champion shares how to check for the money many ‘know nothing about’.

On average, these accounts are thought to be worth around £2,100 and can be accessed once the recipient turns 18

Tens of thousands of children and young adults have long-lost savings deals called Child Trust Funds, with an average of £2,100 in each one, and now HMRC is urging Brits to check if they are owed anything