Almost 600,000 young people continue to miss out on a share of £1.4bn in unclaimed Child Trust Funds (CTFs).
For every child born after 1 Sept 2002, until January 2011, the then Labour Government put at least £250 aside for them to have a better start in life. The money went into a CTF account parents could open. For those whose parents didn’t use their voucher, the government set up an account instead.
Here in Llanelli alone, 7,765 CTF accounts were created. More info and how to check if you or a loved one is missing out can be found here: