Child Trust Funds
Next week thousands of children will turn 18. Some of these children will be the first of many children to make withdrawals from their Child Trust Fund that their parents or guardians may have set up for them. The Child Trust Fund is a long-term tax-free savings account scheme for children. It was set up in 2005 by the government for children born between 1 September 2002 and 2 January 2011. The government provided a £250 top-up into the account (£500 for lower income familie