Looking for more information about Child Trust Funds?

I weld y dudalen yma yn Gymraeg – clicia yma

What is a Child Trust Fund?

Child Trust Funds were introduced by the UK Government in 2005. Accounts were opened for almost 6 million children born in the UK between 1st September 2002 and 2nd January 2011.

The Child Trust Fund was meant to:

⚬ make sure that every child has some savings by their 18th birthday
⚬ help get into the habit of saving
⚬ teach the benefits of saving
⚬ help understand personal finance

If your parents/guardians didn’t get around to opening your account by your first birthday, then the HMRC (responsible for tax, payments and customs) did it for you.

Check out and download this Welsh Government flyer with the information you need to find out more:

There’s also an easy read version you can read and download:

About Meic Cymru

Meic is the helpline service for children and young people up to the age of 25 in Wales. From finding out what’s going on in your local area to help dealing with a tricky situation, Meic will listen even when no-one else will. We won’t judge you and will help by giving you information, useful advice and the support you need to make a change.

For further information on Child Trust Funds – Visit our blog

If you need more money information – Check out our Money blogs

If you’re a professional – Take a look at our Resources for Professionals

If you need to talk – Contact the Meic helpline