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The Guardian - UK
The Guardian - UK
Business
Jai Breitnauer

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

Young adults enjoying life outdoors on a warm summer's day
Young people ‘have time on their side’ and even a small amount can grow into a nest egg for their future. Photograph: Flashpop/Getty Images

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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