Child Trust Fund
Question
Laura Kyrke-Smith
To ask the Chancellor of the Exchequer, what is the number of unclaimed matured HMRC-allocated Child Trust Funds (CTF) which have been automatically transferred into Individual Savings Accounts at the direction of their account provider and without positive acceptance by their young adult owners; and whether these accounts remain separately identified as such in order to be eligible for any automatic release scheme for unclaimed matured HMRC-allocated CTF accounts that may be introduced in the future.
Answer
Lucy RigbyInformation on Child Trust Funds is available in HMRC’s Annual Savings Statistics.
https://www.gov.uk/government/statistics/annual-savings-statistics-2025
We cannot answer each element of the 2 questions as HMRC does not receive a breakdown of unclaimed matured Child Trust Fund accounts from providers. This means we can’t identify which CTFs have been HMRC allocated and transferred into ISAs, nor breakdown the figures shared in the press release on the 30th September.