Speech in Westminster Hall - Wed 13 Mar 2019
Child Trust Funds
"The money is in the accounts but the families have not accessed them and do not know about them, so what the Government need to do is link them up. The Chancellor had an opportunity in his spring statement this afternoon, but he failed to take it. The whole purpose …..."Helen Goodman - View Speech
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Speech in Westminster Hall - Wed 13 Mar 2019
Child Trust Funds
"I simply think that the Treasury has taken its eye off the ball completely on this matter. It thinks that it can contract the administration out to a small, well-intentioned charity that is doing its best, but it is fundamentally a Government responsibility, and Government Ministers must take their share …..."Helen Goodman - View Speech
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Speech in Westminster Hall - Wed 13 Mar 2019
Child Trust Funds
"That is exactly right. If the account is dormant for 15 years, the person will no longer be able to access it.
The results of a YouGov survey, published at lunchtime today, underscore the lack of signposting:
“One in six parents of children aged 8 to 16 were not aware …..."Helen Goodman - View Speech
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Speech in Westminster Hall - Wed 13 Mar 2019
Child Trust Funds
"As I have explained to the Minister, the problem is that people cannot use the Government website to access their accounts if they do not have a payslip, a P60 or a passport. Will the Minister address that point? Hundreds of thousands of young people will be in that situation...."Helen Goodman - View Speech
View all Helen Goodman (Lab - Bishop Auckland) contributions to the debate on: Child Trust Funds
Speech in Westminster Hall - Wed 13 Mar 2019
Child Trust Funds
"That is not what I said...."Helen Goodman - View Speech
View all Helen Goodman (Lab - Bishop Auckland) contributions to the debate on: Child Trust Funds
Speech in Westminster Hall - Wed 13 Mar 2019
Child Trust Funds
"I do not like to denigrate my former profession, but I do not think the Minister has been very well briefed. According to the Share Foundation, the lost accounts of the most wealthy number 54,000, the middle income 560,000, and the poorest 444,000. Those are not families in which the …..."Helen Goodman - View Speech
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Speech in Westminster Hall - Wed 13 Mar 2019
Child Trust Funds
"I have just explained to the Minister that to get through to the website, people must have other documents that—by definition—16-year-olds do not and cannot have. The system is not working. The Minister needs to rethink how the website works!..."Helen Goodman - View Speech
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Speech in Commons Chamber - Tue 05 Mar 2019
Oral Answers to Questions
"This morning, the Financial Times entitled its editorial, “UK territories need to embrace transparency”, prompted by the Government’s decision to pull a vote they knew they were going to lose last night. Does the Chancellor of the Exchequer not feel that he is completely out of kilter with the spirit …..."Helen Goodman - View Speech
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Written Question
Monday 25th February 2019
Asked by:
Helen Goodman (Labour - Bishop Auckland)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate he has made of the number of Child Trust Funds where the addressee has gone away or become unlinked.
Answered by John Glen
HMRC does not have records of, nor have they made any estimations of, CTF accounts where the main contact of the CTF has lost their details, or where the main contact is not aware of the details of their CTF. CTF providers are required in legislation to send out regular statements to the registered contact for the account.
However, although the primary relationship is between the account provider and the child’s parents, if a parent doesn’t know which provider is managing their child’s account, they can use the following online form to track the account.
https://www.gov.uk/child-trust-funds
Written Question
Monday 25th February 2019
Asked by:
Helen Goodman (Labour - Bishop Auckland)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will publish the standard letter sent to 16 year olds that accompanies their National Insurance number.
Answered by Mel Stride
- Shadow Chancellor of the Exchequer
The standard letter which HMRC sends to an individual shortly before their sixteenth birthday when they issue their National Insurance number is attached to this answer.