Child Trust Fund: The £1,000 your kid may have in a bank account that you don't even know about
Your child could have hundreds in the bank without even knowing it - thanks to the previous Labour government.
Children across the country aged between seven and 15 could have up to £1,000 in a Child Trust Fund from the Government.
When Labour was last in power, it introduced the fund to give children £250 when they were born and a further £250 when they turned seven.
Low income families also received double payments from the Government, which means they could have £1,000 stashed away in their child's name, the Hull Daily Mail reports.
Even if parents have never opened a Child Trust Fund... read more
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