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Child Trust Fund

Volume 450: debated on Thursday 26 October 2006

19. To ask the Chancellor of the Exchequer what assessment he has made of Child Trust Fund take-up; and if he will make a statement. (97074)

The Child Trust Fund’s success has exceeded our expectations. The latest set of account opening figures were published by HM Revenue and Customs on 29 September. These showed that over 1.8 million Child Trust Fund accounts have now been opened, with over 75 per cent. of parents using their child’s voucher to open an account within the 12 month deadline. Early evidence from providers suggests that there have been significant additional contributions into children’s accounts.