https://birminghamdaily.co.uk/tags/unclaimedmoney/Recent content in unclaimedmoney on Birmingham DailyHugo -- gohugo.ioen-usTue, 07 Apr 2026 05:58:53 +0000https://birminghamdaily.co.uk/calls-grow-for-automatic-release-of-child-trust-funds-at-age-21-unlocking-1.5bn-for-young-britons/Tue, 07 Apr 2026 05:58:53 +0000https://birminghamdaily.co.uk/calls-grow-for-automatic-release-of-child-trust-funds-at-age-21-unlocking-1.5bn-for-young-britons/There is mounting pressure on the UK government to change HMRC rules and automatically release Child Trust Funds (CTFs) to holders once they turn 21. Currently, roughly £1.5 billion remains unclaimed in these accounts, which were set up by the previous Labour government as state-funded savings for children. An estimated 758,000 young adults aged 18 to 23 have unclaimed CTFs, with the average amount held in these accounts totaling £2,200. Many are unaware of their entitlement, leaving significant sums dormant.