The £9 billion Child Trust Funds backwater
Over £9 billion was invested in Child Trust Funds (CTFs) as of April 2020, according to new HMRC data. If you have a child or grandchild born between 1 September 2002 and 2 January 2011, they were almost certainly the beneficiary of a government payment – either £250 or £500 – into a CTF. The theory behind the CTF scheme was to ensure every child had some savings as they entered adulthood. In practice, the scheme was not a great success. Nearly a third of parents ignored the