Unlocking the Martin Lewis Child Trust Fund Potential
Saturday, 12 October 2024, 03:00
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What Is the Martin Lewis Child Trust Fund?
The Martin Lewis Child Trust Fund is a savings account initiated for children born between September 1, 2002, and January 2, 2011.
Who is Affected?
- Approximately 670,000 individuals aged 18 to 22.
- Average balance stands at £2,212.
How to Access Your Funds
Martin Lewis, a renowned money saving expert, emphasizes the ease of accessing these funds. He warns against companies that charge fees for this service, revealing that the process is straightforward and can be managed without assistance.
Steps to Claim Your Child Trust Fund
- Identify which bank holds your account using the online tool available on Gov.UK.
- Withdraw funds upon turning 18.
- Avoid companies trying to charge for access.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.