Learn English: Billions in Unclaimed Child Trust Funds (hard)

2 days, 7 hours ago

Billions in Unclaimed Child Trust Funds

Millions of young adults have unclaimed Child Trust Funds worth billions of pounds.

One young woman unexpectedly discovered £955 in her account, significantly easing her financial burden.

A charity is advocating for automatic payouts of unclaimed funds at age 21 to help those unaware of their accounts.

This initiative faces government hurdles concerning complexity and costs, despite widespread support.

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Source

Original: BBC News

Tags

#Child Trust Funds #Unclaimed Money #Financial Aid #Government Policy #Personal Finance

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