A CTF is a long-term tax-free savings account for children born between 1 September 2002 and 2 January 2011. The money belongs to you and you can only take it out when you turn 18.
If you’re not able to contact them immediately after your 18th birthday don’t worry, they will keep your investments safe in a protected account until you tell them what you want to do with your money.
In an ongoing cost of living crisis, our young people need every bit of support we can give them. HMRC still has time to make sure that CTFs are given the chance to be the boost to young people's futures which they were designed to be.