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What happens if I do not use the voucher to open a Child Trust Fund account?

April 26, 2017account child fund happens Trust voucher

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What happens if I do not use the voucher to open a Child Trust Fund account?

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Once your child’s voucher has been issued you will have twelve months in which to open a Child Trust Fund account for him/her. If this isn’t done, HM Revenue & Customs will open a Stakeholder Child Trust Fund account in your child’s name with one of the Child Trust Fund providers. This ensures that no child misses out on this rewarding scheme.