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The government is calling on young adults to check if they have a Child Trust Fund account that they can now access - and they don't have to pay a penny to find out. plymouthherald.

Warning comes as one finance firm has adverts banned which promised prospective customers they had 'nothing to lose' ...

HMRC said: “Thousands of Child Trust Fund accounts are sitting unclaimed. We want to reunite young people with their money and we’re making the process as simple as possible." ...

Upon turning 16, teenagers can take control of their Child Trust Fund savings account, which could potentially be worth thousands of pounds. They can withdraw the money once they turn 18.

Launched in 2002, the CTF scheme provided every child born between 1 September 2002 and 2 January 2011 with a tax-free savings pot - typically starting with a government contribution of £250.