Whether it’s for further education, to get on the property ladder or to fund their own retirement, more money is passing down the generations ... this can also be set against the £100. Child Trust ...

This means that by throwing a few extra thousands of pounds into your retirement fund each year ... However, you need to inform HMRC of your child’s plans, or the payments will stop ...

The average amount in Child Trust Funds is estimated to be around £2,200 because of growth over the years and extra money put ...

“If you know the provider where the Child Trust Fund is held, the first port of call should be to contact them directly. If you don’t, you can ask HMRC. They can tell you where the account was ...

When Max Prince turned 18 he got the Child Trust Fund his parents opened when he was born - only to discover surprise fees ...

The BBC obtained statements showing the fund was valued ... cash in their Child Trust Funds, which are worth an average of £2,212 each, according to HM Revenue and Customs (HMRC).

When Max Prince turned 18 he got the Child Trust Fund his parents opened when he was born - only to discover surprise fees had left him with just £12.39. He was one of about six million babies ...