Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the number of unclaimed adult-owned HMRC-allocated child trust funds where the beneficiaries are unaware of their existence and HMRC has access to all the account providers.

The information received from Child Trust Fund (CTF) providers does not identify whether an account was initially opened by HMRC.

The Government is committed to reuniting all young adults with their CTFs. HMRC works with CTF providers, industry representatives, and others to enable account owners to be aware of and trace their accounts. Regular HMRC press releases and messages are supplemented by targeted activities likely to appeal to the demographic, with particular emphasis on young people from low income households.

HMRC also provides a free tracing tool on Gov.uk to help people find their CTF provider (www.gov.uk/child-trust-funds/find-a-child-trust-fund) and has experienced a significant increase in its use this year.