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The National (Scotland)
The National (Scotland)
National
Andrew Smart

Thousands of pounds could be waiting in savings for some teenagers says HMRC

Tens of thousands of pounds could be waiting for teenagers who have not yet claimed their 'Matured Child Trust Fund' according to HMRC.

These Child Trust Funds are long-term savings accounts set up for every child born between September 1, 2002, and January 2, 2011.

These were made to help and encourage young people to save money, with the Government providing an initial deposit of at least £250.

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