Child trust funds are a savings plan that was brought in by the government in the United Kingdom. Each child born in the UK received a contribution from the government so that their parents were able to open a fund. But these are now being scrapped entirely, although if you hold one still open it will be valid until it gets to maturity. The government decided to stop child trust funds in order to carry out required public spending cutbacks. This is part of its mission to heave the British economy back to recovery and to rule out a disaster like that of Greece.
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