We are delighted that The Telegraph newspaper has shown support for our Child Trust Fund Access campaign by publishing a piece explaining that families of disabled children may be disadvantaged if they are unable to access money held in their child trust fund when they turn 18.
A snapshot of the piece is as follows:
Tens of thousands of disabled children could be locked out from child trust fund (CTF) cash they are owed due to a loophole in how the deals were designed.
Child trust funds gave between £250 and £1,000 of Government cash to all children born between 1 September 2002 and 2 January 2011.
The deals could then be topped up by parents until the child turned 18, when they get all the cash, plus interest.
The first wave of children will get access to their money from 1 September this year. But those with mental disabilities risk being barred from their cash unless their families or carers act now, according to Philip Warford of Renaissance Legal, a law firm.
The article was first published in today’s edition. The full piece can be accessed here: https://www.telegraph.co.uk/money/consumer-affairs/78000-people-may-locked-child-trust-funds/