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Child Trust Funds start to become accessible from September

Millions of teenagers are set to benefit for the first time from money in Child Trust Funds (CTFs) that has been waiting for them since they were young children.

Since 2002, around 6.3 million CTF accounts have been set up, roughly 4.5 million by parents or guardians and a further 1.8 million set up by HMRC where parents or guardians didn't open an account - this means some children don't know there are accounts in their name, so are unaware their money is waiting for them.

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