HMRC urges 750,000 Britons to claim forgotten £2,200 savings: 'This is their money!'

1 sources1 storiesFirst seen 7/10/2026Score26Mixed Progress

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HMRC urges 750,000 Britons to claim forgotten £2,200 savings: 'This is their money!'.

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More than 750,000 young people across the UK could be missing out on savings worth an average of £2,200.HM Revenue and Customs (HMRC) is launching a fresh campaign to reunite account holders with money held in forgotten Child Trust Fund accounts.HMRC said hundreds of thousands of Child Trust Fund accounts remain untouched, with eligible account holders now aged between 15 and 23 unaware the savings exist.The tax authority has launched a renewed drive to help young people trace and access the accounts, which were created under a previous Labour Government savings scheme.

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TRENDING Stories Videos Your Say JP Marks, HMRC's chief executive and First Permanent Secretary, said: "Many young people have Child Trust Fund accounts with an average of £2,200 waiting to be claimed.

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This is their money, and we want to do all we can to help them find and access it."Child Trust Funds are tax-free savings accounts that were created for every child born between September 1, 2002 and January 2, 2011.The...

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