Thousands of young people are set to be reunited with cash pots worth an average of £2,200 as HMRC announces that it is taking action on forgotten child trust funds.
These funds are long-term, tax-free savings which were set up for every child born between 1 September 2002 and 2 January 2011. The government deposited £250 into each account, with those in low-income families or in local authority care receiving an additional £250.
