Child Trust Fund: Solihull

(asked on 5th September 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many Child Trust Funds have been created for children in Solihull constituency in each of the last 10 years.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Shadow Secretary of State for Business and Trade
This question was answered on 12th September 2023

A geographical breakdown of accounts created, could only be provided at a disproportionate cost.

UK wide, the government paid more than £2 billion into CTFs for 6.3 million children born between 1 September 2002 and 2 January 2011, when the scheme closed to new accounts. By April 2012, around 6.1 million CTF accounts had been set up through the scheme. A further 0.2 million accounts were set up after April 2012 for eligible children where there had been a delay opening an account.

Information on Child Trust Funds as of 5th April 2022, are available in HMRC’s Annual Savings Statistics. This includes figures on existing accounts, but not by geographic location.

https://www.gov.uk/government/statistics/annual-savings-statistics-2023

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