Child trust funds: a windfall at 18 – but what should you do next?

Child trust funds: a windfall at 18 – but what should you do next?

All children born in the UK between September 2002 and January 2011 have a CTF – but £1bn has not been claimed

At some point in the midst of 2009 I made a decision that would change my son’s life: I started paying £10 a month into his child trust fund account.

It didn’t seem like much but, almost 18 years later, thanks to the performance of the stock market and the original government payment, he’s about to get about £10,000. At first he had no idea what to do next, financially, and he’s not alone.

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