Yesterday (18 September), HM Revenue and Customs reminded 18–21-year-olds to claim their Child Trust Fund cash as part of UK Savings Week (18 to 24 September).
Child Trust Funds are long-term, tax-free savings accounts and were set up for every child born between 1 September 2002 and 2 January 2011, with the government contributing an initial deposit of at least £250. Funds can be withdrawn once the account matures when the child turns 18.
Young adults and parents can search on GOV.UK to find out where their Child Trust Fund account is held.
More information on Child Trust Funds and how to access the money can be found on GOV.UK.