Published On: Thu, Sep 3rd, 2020

Child Trust Fund: How to claim up to £2,400 for your teenager | Personal Finance | Finance

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If parents did not deposit the voucher given to them by the Government, HMRC did it on their behalf.

How much is in each account will vary, but the average amount from stakeholder account provider OneFamily is £2,175.

Investment Company AJ Bell has outlined someone who got two £500 contributions from the Government – and invested it in the stocks and shares CTF would have £2,397 today or £1,336 if it was invested in cash.

You can check if you have a CTF by filling in a form on the GOV.UK website.

As a parent or guardian, if you have a child born in the time period, you are responsible for the account until they turn 16.

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