Family Finances

The UK Child Trust Fund: A Successful Launch

June 1, 2008  • Financial Security Program

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IFS and the UK’s Institute for Public Policy Research (ippr) have published a report detailing and analyzing the initial years of the UK Child Trust Fund initiative. The program provides every child born in the UK with a private investment account, including a £250 ($500) starter contribution from the government. Similar to the IFS Child Account proposal, the account aims to give children a financial springboard into adulthood at age 18, helping to pay for anything from a first home to a college education.