Child Trust Funds: 700,000 accounts forgotten about or lost

Will Phillips Fund, Schools

Child Trust Funds: 700,000 accounts forgotten about or lost Child Trust Funds Child Trust Funds (CTF) were introduced in September 2002 as a means for investing in children’s futures. At birth, every child living in the UK (not subject to immigration controls) was provided with a voucher worth £250 by the government to open a Trust Fund account; a further £250 was given to children from low-income families. At age 7, the government then made an additional payment of £250 into the account, …