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...

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