Thousands of young people are unaware they're in for a windfall next month, as 55,000 child trust fund accounts are released for the first time ever.
The accounts, which were introduced two decades ago by former Chancellor Gordon Brown, were handed to people born between 2002 and 2011 to help them invest in their future.
Next month, thousands of them are set to mature, meaning those who turn 18 will be able to cash in their 'hidden' savings. Since 2002, around 6.3million child trust accounts have been set up, roughly 4.5million by parents or guardians and a further 1.8million by HMRC where parents or guardians did not open an account.
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