Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what support is available to help young adults trace and access their Child Trust Fund savings, particularly those who may need additional assistance to do so.

As published in HMRC’s 2026 annual savings statistics, approximately 22% of matured accounts are unclaimed. This is down from 25% in April 2025, 29% in April 2024 and 35% in April 2023.

HMRC provides a free GOV.UK tracing service and works with providers and other organisations to raise awareness and help young people locate their accounts. HMRC undertakes regular communications activities and works with external partners such as the Universities and Colleges Admissions Service to raise awareness.

Additionally, HMRC is planning to write to all 21 year olds with unclaimed accounts informing of their account provider and how to access their funds. HMRC is also undertaking research to better understand the barriers that prevent some young people from accessing their savings.

The Government has also established a dedicated Child Trust Fund Taskforce, bringing together Government and industry to help reunite young people with their Child Trust Funds. As part of its work, the Taskforce will examine what is most effective in helping young adults understand how to access their Child Trust Funds and encouraging them to take action

HMRC does not hold information on the geographical locations of Child Trust Fund account holders. Therefore, the requested regional breakdowns cannot be provided.