Learn English: Untouched Savings Accounts: A Treasure Hunt? (normal)

2 days, 8 hours ago

Untouched Savings Accounts: A Treasure Hunt?

Billions of pounds in Child Trust Funds remain unclaimed by young adults who are unaware of their existence.

One young woman's discovery of £955 highlights the potential financial benefits of these forgotten accounts.

A charity proposes automatic payment of these unclaimed funds upon reaching 21, simplifying access for many.

Government concerns regarding complexity and cost are significant, but this plan offers a valuable lifeline for many.

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Source

Original: BBC News

Tags

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

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