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Get Your Free Money: £2,200 for Some Young Adults

Get Your Free Money: £2,200 for Some Young Adults

Get Your Free Money: £2,200 for Some Young Adults
Over 750,000 young adults might be missing out on £2,200. The government set up a special savings account for kids born between 2002 and 2011.
These savings accounts are called Child Trust Funds. The government put £250 in each account when the child was born.
The money is not kept by the government. It is managed by banks or other savings groups.
If you know who manages your Child Trust Fund, you can contact them. If not, you can use a tool on the government website to find it.
You need your National Insurance number and birth date to find your account.
A finance expert said many people have hidden savings they don't know about.
The expert explained that every child got at least £250 from the government, even if their parents didn't add more money.
Many kids have money in these accounts, but some people have lost track of it.
There's a tool on the government website to help you find your Child Trust Fund.
A government spokesperson wants young people to find their money. They can do this by searching online.
Some companies offer to find your Child Trust Fund for a fee. But you can do it yourself for free.
These companies might charge you a lot of money to find your account.
A charity has helped over 65,000 young people find their Child Trust Funds.
Last year, over 450,000 people used the free government tool to find their accounts.
A tax expert thinks many young adults don't know they have a Child Trust Fund.
For some people, this could be a lot of money. The government wants them to check.
Some people think they don't have an account because they never got any letters about it.
But records might have been lost over time, so it's worth checking.
To find your trust fund, use the government tools.