Money Box

The 'lost' Child Trust Funds


Listen Later

From this month, young people turning 18 can access money given them by the Government in a Child Trust Fund. All children born from September 2002 were given vouchers to invest, the idea being to provide children with some savings at the age of 18, to help with the costs of university or living alone for the first time. Initially £250 was put into the account and another £250 was added when he or she reached the age of seven. For lower-income families, the payment was £500. But it's estimated about a third of eligible young people and their families have no idea these funds exist. So how do you go about finding them?

The financial regulator is currently consulting on limiting the amount it has to pay out when it fails to operate effectively. Campaigners are concerned it is weakening the current consumer redress.

More than two and a half million people have successfully claimed almost £8 billion from the UK government’s Self Employment Income Support Scheme. The scheme was designed to help self employed people whose businesses had suffered because of the economic crisis caused by Covid 19.. We hear from one man who found someone else had claimed his self-employment Government grant - twice!

And in our podcast we get a leaseholders response to the news that four of the UK's largest housebuilders are now facing court action after "troubling evidence" was uncovered by the Competition and Markets Authority over the way they sold leaseholds.

Presenter: Paul Lewis

Reporter: Dan Whitworth
Researcher Darin Graham
Producer: Alex Lewis
Editor: Emma Rippon

...more
View all episodesView all episodes
Download on the App Store

Money BoxBy BBC Radio 4

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

21 ratings


More shows like Money Box

View all
In Our Time by BBC Radio 4

In Our Time

5,389 Listeners

The Documentary Podcast by BBC World Service

The Documentary Podcast

1,839 Listeners

Wake Up to Money by BBC Radio 5 Live

Wake Up to Money

59 Listeners

Global News Podcast by BBC World Service

Global News Podcast

7,886 Listeners

6 Minute English by BBC Radio

6 Minute English

1,791 Listeners

Learning English Conversations by BBC Radio

Learning English Conversations

1,052 Listeners

The Bottom Line by BBC Radio 4

The Bottom Line

32 Listeners

More or Less: Behind the Stats by BBC Radio 4

More or Less: Behind the Stats

898 Listeners

 by Financial Times

57 Listeners

The Infinite Monkey Cage by BBC Radio 4

The Infinite Monkey Cage

1,921 Listeners

Newshour by BBC World Service

Newshour

1,078 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

48 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

81 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

11 Listeners

This is Money Podcast by This is Money

This is Money Podcast

42 Listeners

Curious Cases by BBC Radio 4

Curious Cases

823 Listeners

Cash Chats UK Money & Personal Finance podcast by Andy Webb

Cash Chats UK Money & Personal Finance podcast

6 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

14 Listeners

Which? by Which?

Which?

13 Listeners

On The Money by interactive investor

On The Money

5 Listeners

Americast by BBC News

Americast

736 Listeners

You're Dead to Me by BBC Radio 4

You're Dead to Me

2,964 Listeners

Switch Your Money On by Hargreaves Lansdown

Switch Your Money On

4 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

37 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

11 Listeners