Laura Suter: Child Trust Funds come of age

Bumper birthday present

clock • 3 min read

The first Child Trust Funds are coming of age in September and, in her latest column for PA, Laura Suter explores how the lucky 18-year-olds can find and access their saved up monies...

Anyone celebrating their 18th birthday this year could get a bumper birthday present thanks to the first tranche of child trust funds maturing. The first children to get the accounts were those born in September 2002, meaning they are entering adulthood from next month - hopefully with a nice windfall to help them on their way. Obviously how much they'll have in the accounts depends on three big factors: how much the government put in in the first place, whether their parents or family added to it, and what return the money got during that 18 years. The Government put in an initial £2...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Paying IHT on pensions: The potentially 'gruelling' process for personal representatives

Paying IHT on pensions: The potentially 'gruelling' process for personal representatives

'Pension entitlements cropping up much later will cause a big headache for PRs'

Rachel Pinn
clock 25 June 2026 • 12 min read
Turning tax year-end regret into a new tax year opportunity

Turning tax year-end regret into a new tax year opportunity

The most common regret is leaving things too late

Sophie Hall
clock 24 June 2026 • 3 min read
Why does Britain keep shooting itself in the savings crisis foot?

Why does Britain keep shooting itself in the savings crisis foot?

'Private pensions are no longer simply a retirement savings vehicle. They have become a growing source of tax revenue'

James Floyd
clock 24 June 2026 • 4 min read