To help track these savings back to their rightful owners, the Government has this week launched a new taskforce to encourage more young people to access their accounts10:09, 01 Jul 2026Thousands of young people could soon be reunited with unclaimed savings worth £2,200 on average each after the Government launched a new push to trace Child Trust Funds.‌Around 6.3 million Child Trust Fund accounts were set up by the Government for children born between September 1, 2002 and January 2, 2011.‌They were designed to encourage families to start saving, with each account given an initial deposit of £250, or £500 for children from low income households. Families could then choose to top up the account with up to £9,000 every tax year.‌But thousands of these accounts have become lost or forgotten over the years - in fact, it's estimated that more than 750,000 young people have unclaimed Child Trust Funds worth £2,200 on average.To help track these savings back to their rightful owners, the Government has this week launched a new taskforce to encourage more young people to access their accounts.‌The savings accounts are not held by Government but are held in banks, building societies or other saving providers.Members of the taskforce include One Family, Coutts, Nationwide, HSBC UK, Pilling, The Coventry (Co-operative), Sheffield Mutual, Unity Mutual, Forester, Healthy Investments and The Share Foundation.Rachel Blake, Economic Secretary to the Treasury, said: “Too many young people are missing out simply because they are not aware of where their Child Trust Fund is or how to access it.‌“We are acting to fix that by bringing government and industry together - improving coordination and making it easier for people to find and claim what’s rightfully theirs.”JP Marks, HMRC’s Chief Executive and First Permanent Secretary, said: “Many young people have Child Trust Fund accounts with an average £2,200 waiting to be claimed.“This is their money, and we want to do all we can to help them find and access it. If you think you have one, you can use the ‘Find my Child Trust Fund’ tool on GOV.UK to find out where your account is held.‌It comes after HMRC started sending letters to people in April to remind them of their Child Trust Fund. HMRC is only sending out letters as part of this initiative.If you receive a text or email from someone claiming to be from HMRC, it is a scam. HMRC will not ask you to provide any financial details.But you do not need to wait to be contacted. If you know who your Child Trust Fund provider is, you can contact them directly - if not, there is a GOV.UK tool that can help you find where you money may be.Article continues belowYou will need your National Insurance number.