25 Raring2go! ADVERTISING FEATURE Child Trust Fund – do you have one or do you know someone who does? HMRC has reminded teenagers and people in their 20’s to claim their matured Child Trust Fund (CTF) savings. CTFs are long-term savings accounts set up for every child born between 1 September 2002 and 2 January 2011. The government provided an initial deposit of at least £250 to open the account and encourage future saving. An estimated 6.3 million CTF accounts were set up throughout the duration of the scheme, containing some £9 billion. You can continue to add up to £9,000 a year to an existing CTF until age 18. The last CTFs will mature in 2029. To trace a CTF visit www. gov.uk/child-trust-funds/find-a-child-trustfund. We can help you with your financial future so contact AYP Financial Planning on 01434 607808 or by email at info@ aypfinancial.co.uk for a no obligation, no charge initial consultation.
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