Over 50, young people have already located their account using findCTF. Meanwhile www. And to find out more about our work to connect young adults with their Child Trust Fund money please visit this webpage in the Daily Mirror. We believe strongly that all young people have great potential, not only to enjoy adult life to the full but also to achieve their hopes and dreams: and we're determined to help them do just that through the provision of financial awareness and resources, and by encouraging a positive attitude for the future.
Before that, it was making additional voluntary contributions to the Child Trust Funds of looked after children: as from 2nd October , we took on responsibility for the Child Trust Fund scheme from the Official Solicitor in addition to the Junior ISA scheme. Analysis during showed that very large numbers of families and young people are unaware of their accounts, particularly among the most disadvantaged those in receipt of Child Tax Credit.
We are therefore undertaking a programme of general recovery for the scheme , part of which is our CTF Ambassadors initiative.
This followed publication of a National Audit Office report on the scheme. We welcome volunteers to join our CTF Ambassadors programme , helping to raise awareness of Child Trust Funds for young people; and please do use our materials to host CTF awareness events for young people aged 16 and over, and born in the UK from 1 September The Junior ISA scheme for young people in care works as follows:. It enables us to open an account for every child and young person under 18 throughout the United Kingdom who has been in care continuously for at least one year and who doesn't already have a Child Trust Fund.
We administer the accounts, which are held with selected Junior ISA providers: this includes supplying information on their progress through the local authority concerned. This website has lots of information for carers, local authorities and young people in care on how the scheme works. Central co-ordination means that we can reduce the administrative workload to a minimum.
