Government wants people born before 2012 to claim cash pots | Personal Finance | Finance
The UK Government has issued an alert, calling on many people born before 2012 to claim pots of cash.An update on Thursday from the official GOV.UK X account explains that more than 750,000 people have yet to claim what is rightfully theirs.The post reads: "If you were born between 1 September 2002 and 2 January 2011, you might have money saved in a Child Trust Fund." It adds: "More than 750k young adults are missing out on an average of £2.2k each in their Child Trust Fund account".Child Trust Funds are long-term tax-free savings accounts set up for every child born between September 1, 2002, and January 2, 2011.The scheme was set up by a former Labour administration, and the government contributed £250 for each eligible child, with parents and caregivers then able to top up the accoun...










