Thousands of young people to get easier access to savings under Government plans

New Government plans will allow up to 126,000 young people to access savings of £2,600. These measures simplify access to Child Trust Funds, specifically aiming to assist those who lack mental capacity. The updated rules enable parents and carers to approach providers directly to secure the funds. By streamlining these processes, the Government ensures that thousands of eligible young individuals can more easily obtain their savings, providing essential financial support to those who need it most.