Gordon Brown track innovations Gordon Brown

More than 55,000 children to get a windfall next month as 'hidden savings' are released

Reading now: 422
www.mirror.co.uk

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.

Read more on mirror.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA