Kae, who wants to be an actor and is studying performing arts at Coleg Gwent, is urging other young people to check what they may be owed.<\/p>\n
“Don’t just leave it and do nothing because you might not receive anything if you don’t look,” he said.<\/p>\n
Kae said he had invested his money in an ISA to save for a house in future.<\/p>\n
But at first he struggled to find out the details of his CTF because they can be held by a variety of different providers, and in the end used the Share Foundation’s free CTF finder.<\/p>\n
“I thought i’d get it automatically but I didn’t hear anything,” he said.<\/p>\n
“I thought the government would give it to me but I actually had to get it by myself.”<\/p>\n
An estimated \u00a383m is lying unclaimed in Wales alone according to The Share Foundation, a charity that runs accounts for young people in care on behalf of the UK government.<\/p>\n
Most CTFs were set up by the child’s parents with a voucher worth \u00a3250, or \u00a3500 in the case of low-income families, from the UK government.<\/p>\n
An additional government payment was made when the child reached the age of seven and family members could also top them up.<\/p>\n
In some cases the Welsh government also made a small payment to the funds of Welsh children.<\/p>\n
Where parents or guardians didn’t set them up, the CTFs were created by the UK government on the child’s behalf.<\/p>\n","protected":false},"excerpt":{"rendered":"Kae, who wants to be an actor and is studying performing arts at Coleg Gwent, is urging other…\n","protected":false},"author":2,"featured_media":729308,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-729307","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/729307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=729307"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/729307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/729308"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=729307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=729307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=729307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}