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Born 2003 Government Child Trust Fund

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mokryna Tue 27-Aug-24 21:33:05

My granddaughter was born in Oxford England in 2003. Her English born mother, my daughter, who hadn’t lived in the UK since the age four, had returned and worked in the UK for about five years, but was between jobs when she happily fell pregnant with my granddaughter.
My granddaughter’s father is French.
About a year later after the birth of my granddaughter they moved out of the UK for other jobs.

Martin Lewis talked about a government fund for children born in the 2020s. Every child he said had one but my DD doesn’t remember anything about this scheme.

Can any of you throw any light on the matter, please, thank you.

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crazyH Tue 27-Aug-24 21:45:22

I have a grandson and a granddaughter (born in 2002 and 2003) - I’ll be interested to see the replies

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Poppyred Tue 27-Aug-24 21:49:55

The Labour Government of the time gave every child born in the UK £500 put into a child ISA. Parents could add to it if they so wished. Moneys could not be withdrawn until the child reached the age of 18.

Two of my grandchildren qualified for this savings plan.

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Poppyred Tue 27-Aug-24 21:54:25

Should have added, born 2007 and 2008. Tory government withdrew it in 2010 or 11 I think.

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crazyH Tue 27-Aug-24 21:54:44

Thanks Poppyred - my daughter is quite money-savvy and would not have missed it 😂 but I will double-check

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Siope Tue 27-Aug-24 22:12:21

All the information is here. Parents or young people aged 16+ can follow a link there to find their account.

www.gov.uk/child-trust-funds

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Siope Tue 27-Aug-24 22:14:58

For clarity, your daughter can’t enquire, your granddaughter has to as she is over 16.

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mokryna Tue 27-Aug-24 22:55:21

Siope
Thanks but this is what we had already seen. My daughter did not know of the scheme, so did the government open an account. Where is the form to enquire? Neither are living in the UK.

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Allira Tue 27-Aug-24 23:19:10

www.moneysavingexpert.com/savings/reclaim-child-trust-fund/
This might help mokryna.
I think it was a voucher for £250.

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Siope Tue 27-Aug-24 23:33:58

On the website, the second section is titled ‘Find a Child Trust Fund’. In that section, scroll down u til you see ‘Ask HMRC to find a Child Trust Fund provider. Below that is a green bar which says ‘start now’. Click on that, and it opens the enquiry form.

Your granddaughter will need her National Insurance Number. She can find out if she has one here www.gov.uk/guidance/get-your-national-insurance-number-by-post.

If she does not, then, I’m afraid, she would need to be living in the UK to apply for one.

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Siope Tue 27-Aug-24 23:37:21

I am assuming your daughter does not know who her Trust Find provider (which bank) is, from what you have said. If she does, your granddaughter can contact the provider.

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Siope Tue 27-Aug-24 23:42:27

It might have been a voucher sent to your daughter or HMRC may have opened an account for your granddaughter.

However, did your daughter claim child benefit? Because if not, your granddaughter was most likely not eligible for a child trust fund.

More info, and links to relevant forms etc.
assets.publishing.service.gov.uk/media/5f3ff0818fa8f55dedc64a16/10_things_you_need_to_know_about_Child_Trust_Funds.pdf

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