cash

Teenagers could have an average of £2,100 in their Child Trust Fund savings account waiting to be claimed.

Tens of thousands of teenagers in the UK who have not yet claimed their matured Child Trust Funds savings could have thousands of pounds waiting for them, reminds HM Revenue and Customs (HMRC).

Child Trust Funds are long-term savings accounts set up for every child born between...

Almost two million of the lowest income working households who receive Universal Credit will today benefit from a cash boost worth £1,000 on average.

From: Department for Work and Pensions and The Rt Hon Thérèse Coffey MP

Published 24 November 2021

The Department for Work and Pensions has worked around the clock to implement a reduction to the Universal Credit taper rate as...

Teenagers are being urged by HMRC to check if they have a pot of money waiting for them in a Child Trust Fund.

From: HM Revenue & Customs , HM Treasury , and John Glen MP

Published 7 September 2021

HM Revenue and Customs (HMRC) is today urging young people to check if they have a hidden pot of gold – in the shape of a Child Trust Fund (CTF).

It is now...