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Child Trust Fund

Volume 463: debated on Monday 10 September 2007

To ask the Chancellor of the Exchequer if he will estimate the effect of the Gini coefficient on wealth of the Child Trust Fund since its introduction; and if he will make a statement. (152712)

No estimates are made for this effect. Furthermore, to the extent that published wealth estimates exclude children, the Child Trust Fund could have no impact on this measure of wealth distribution until 2020, when the first Child Trust Fund account holders reach age 18.

The Child Trust Fund promotes saving and financial education and will ensure that in future all children have a financial asset at age 18, regardless of family background.