Question to the HM Treasury:

To ask His Majesty's Government how many unclaimed Child Trust Funds are (1) currently outstanding and (2) outstanding where there is a continuing requirement for court approval to parents being able to access the Fund on behalf of their adult children.

Information on Child Trust Funds (CTFs) are available in HMRC’s Annual Savings Statistics^[1].

(1) As of April 2022, there were 428,000 matured accounts continuing as CTFs that had not been claimed or automatically transferred to an ISA.

(2) The Government does not hold information relating to the number of unclaimed Child Trust Funds where there is a need for a Power of Attorney or other court order to control their financial resources.

[1] https://www.gov.uk/government/statistics/annual-savings-statistics-2023