Hidden bank account charges that could leave thousands with £100s less than expected

Hidden bank account charges that could leave thousands with £100s less than expected – how to avoid it ...Middle East

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A HIDDEN charge could leave thousands of bank account holders with far less cash than they had expected. Child Trust Funds are long-term, tax-free savings accounts which were set up for every child born between September 2002 and January 2 2011. There are nearly 2million lost child trust funds out thereGetty - Contributor The Government deposited £250 for every child during that time period, or £500 if they came from a low-income family earning around £16,000 a year or below. An extra £250 or £500, depending on their families’ economic status, was deposited when the child turned seven. In 2010, this was reduced to £50 for better-off households and £100 for those on a

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Last updated : 28 October 2024 clock 03:32 PM

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Hidden bank account charges that could leave thousands with £100s less than expected – how to avoid it ...Middle East

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