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Evening Standard
Evening Standard
Vicky Shaw

Savings windfalls worth £2,242 on average waiting for 758,000 young adults

Customs HM Revenue Streeting GovUK HMRC
Child trust funds are held in banks, building societies or other saving providers (picture posed by model/Nick Ansell/PA Archive) - (PA Archive)

Around three-quarters of a million young adults are sitting on unclaimed pots of cash, according to HM Revenue and Customs (HMRC) figures.

Some 758,000 18 to 23-year-olds have yet to claim their matured child trust fund, worth £2,242 on average each.

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