Over 670,000 young adults across the UK, including many in Northern Ireland, could have access to these funds, which were set up by the government to give young people a financial head start.
Many of these accounts, automatically opened for children born between 1 September 2002 and 2 January 2011, remain unclaimed. The funds were designed to support young people as they reach adulthood, but many are unaware that they have a savings pot waiting for them.
Commenting, Carla Lockhart said, “Young people born between 2002 and 2011 should take the time to check if they have one of these forgotten savings accounts. This money could provide valuable support for further education, starting a career, or simply easing financial pressures during these difficult times.”
She added: “Parents and guardians should also help young people to check their eligibility, as many may not even realise these funds are available. It’s easy to claim the money, and it only takes a few minutes via the government’s online portal. Young people, or their parents, can trace lost Child Trust Fund accounts and unlock their savings by following the link below.
https://www.gov.uk/child-trust-funds/find-a-child-trust-fund
Alternatively, any of our representatives would be happy to assist.”