Martin Lewis warns 750,000 people could be missing out on £2,200 payouts

1 sources1 storiesFirst seen 5/21/2026Score26Mixed Progress

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Martin Lewis warns 750,000 people could be missing out on £2,200 payouts.

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Martin Lewis has warned that around 750,000 Child Trust Funds remain unclaimed across Britain, with the average account now worth £2,200.The money saving expert said many young people have no idea the accounts exist despite potentially having thousands of pounds waiting to be accessed.Anyone born between September 1, 2002 and January 2, 2011 may have a Child Trust Fund (CTF), which was originally set up by Labour to encourage long-term savings for children.The scheme saw eligible children receive vouchers worth up to £250, while those from lower income households were handed payments of up to £500.

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TRENDING Stories Videos Your Say Families were then able to add further money into the accounts over time, helping some funds grow significantly in value.More than 6.3 million Child Trust Funds were opened during the scheme, with roughly 750,000 still unclaimed despite account holders now reaching adulthood and being able to access the cash.Funds can only be withdrawn once the child turns...

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A: Martin Lewis warns 750,000 people could be missing out on £2,200 payouts.

B: Martin Lewis has warned that around 750,000 Child Trust Funds remain unclaimed across Britain, with the average account now worth £2,200.The money saving expert said many young people have no idea the accounts exist despite potentially having thousands of pounds waiting to be accessed.Anyone born between September 1, 2002 and January 2, 2011 may have a Child Trust Fund (CTF), which was originally set up by Labour to encourage long-term savings for children.The scheme saw eligible children receive vouchers worth up to £250, while those from lower income households were handed payments of up to £500.