Thousands of young adults have unclaimed cash in a Child Trust Fund. Check now and claim your savings through GOV.UK.
Check if you can cash in a Child Trust Fund
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Unused pension funds to be brought into IHT
From April 2027, most unused pension funds will count towards Inheritance Tax, marking a major policy shift. This change could significantly impact estate planning, making early advice and careful financial review more important than ever.
A return to gender rationality in the office? What does the Supreme Court ruling mean for trans people in the workplace?
In a landmark ruling, the Supreme Court clarified the legal interpretation of the words ‘sex’, ‘woman’ and ‘man’ in Sections 11 and 212(1) of the Equality Act (EA) 2010 with respect to gender reassignment and sexual discrimination following a
Changes to VAT on donations to charities
The government is consulting on new VAT relief for goods donated to charities for free use. Could this fix an unfair gap in current rules? Have your say by 21 July 2025.
How donations to charity can provide tax relief
Gift Aid transforms charitable donations by allowing charities and CASCs to claim 25p extra for every £1 given given at no additional cost to you. Higher and additional rate taxpayers can also claim valuable tax relief.
Perseverance is the key to sales success
The average number of touchpoints needed to secure a sale, or appointment generally falls between 7 and 12. However, this varies by industry, target audience, and product or service type.
Cash in Child Trust Funds
HMRC has issued a press release urging 18-22 year olds who have yet to claim their Child Trust Fund (CTF) cash to do so as soon as possible.
New UK tip distribution rules
The new UK rules on tip distribution, effective from 1 October 2024, aim to ensure fair and transparent allocation of tips across all sectors, with a focus on establishing clear policies and maintaining detailed records.
Claiming Child Trust Fund cash
If you turned 18 on or after 1 September 2020, there may be cash waiting for you in a dormant Child Trust Fund (CTF).
An Evening of Sustainability
An event of ESG networking with Give Learn and The Disruption House at The Conduit Club – all united by a shared interest in sustainable practices and an opportunity to foster impactful conversation.
Interest on children’s savings
All children in the UK have their own personal allowance, currently £12,570. There are special rules if a parent gifts significant amounts of money to their children which results in them receiving bank interest of more than £100 (before tax).
Employee suggestion schemes
There are many advantages to creating an employee suggestion scheme where employees are rewarded for making suggestions that benefit your business.
Celebrating International Women’s Day: An interview with Jessica Teague
To celebrate International Women’s Day 2024, we had a delightful chat with Jessica Teague, a remarkable female partner on our Ecovis team. At Ecovis, we value gender diversity, equality and inclusion and take pride in ranking fifth for the highest percentage of female partners within the Accountancy Age Top 50+50.
Investment v costs
Distinguish between daily costs and strategic investments. Safeguard impactful expenses in 2024 planning, but be cautious about reducing vital investments. Seek expert guidance for effective financial strategies and recovery.
Unclaimed Child Trust Fund Accounts
HMRC reports 430,000 unclaimed Child Trust Funds (CTFs) after 500,000 matured. Those turning 18 since September 2020 might find cash, averaging £2,000, with an online tool to locate dormant CTFs.
Claiming Child Trust Fund cash
If you turned 18 on or after 1 September 2020 there may be cash waiting for you in a dormant Child Trust Fund (CTF). If your children recently turned 18 you should also check if they have claimed the money to which they are entitled.
Claiming Child Trust Fund cash
HMRC has published their latest statistics on Child Trust Funds which reveal that whilst 320,000 accounts have now matured, 175,000 funds that have matured remain unclaimed.
Have you claimed your Child Trust Fund cash?
Young persons who turned 18 on or after 1 September 2020 may have cash waiting in a dormant Child Trust Fund (CTF) account. This could be as much as or more than £1,000. The actual amount on deposit depends on certain factors.
Children born after 31