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£1 Billion Unclaimed in UK's Child Trust Fund Accounts

4/11/2026

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Summary

Story summary

The United Kingdom's Child Trust Fund (CTF) scheme, launched in 2005 by Labour government, aimed to boost financial literacy and close asset gap for those born 2002–2011.
Turning 18, many are unaware of their CTF accounts, with about £1 billion unclaimed.
Financial experts say investing education is crucial, as many withdraw funds and overlook lifetime ISA as an option.
Proposals to reintroduce the CTF with enhanced support are being discussed.

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Story summary

The United Kingdom's Child Trust Fund (CTF) scheme, launched in 2005 by Labour government, aimed to boost financial literacy and close asset gap for those born 2002–2011.
Turning 18, many are unaware of their CTF accounts, with about £1 billion unclaimed.
Financial experts say investing education is crucial, as many withdraw funds and overlook lifetime ISA as an option.
Proposals to reintroduce the CTF with enhanced support are being discussed.