Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what proportion of matured Child Trust Funds that have not been claimed were opened by HMRC on the child’s behalf.

HMRC assists young people in accessing their matured CTFs through its online tracing service and through targeted communications appropriate to the age group. It will continue its work with providers, industry representatives and other stakeholders, exploring ways of increasing the profile of CTFs and enabling account owners to be aware of and trace their accounts.

HMRC encourages anyone unsure about their situation to get in touch with their account provider. If people don’t know their account provider, they can easily locate their Child Trust Fund accounts online by using the “Find my CTF” page on GOV.UK https://www.gov.uk/child-trust-funds/find-a-child-trust-fund

Information on Child Trust Funds is available in HMRC’s Annual Savings Statistics.

https://www.gov.uk/government/statistics/annual-savings-statistics-2024