Sixty-Seventh Report - Child Trust Funds

Select Committee
Public Accounts Committee HC 1231 26 July 2023
Report Status Government responded
Conclusions & Recommendations 26 items (2 recs)
Source View on Parliament website
Government Response (AI assessment · 26 of 26 classified)
Accepted 18
Acknowledged 1
Deferred 3
Rejected 4
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Sixty-seventh report from Session 2022-23 · published 24 Sep 2023
Read the government response ↗ Response on the tracker
Clear

Recommendations & Conclusions

1 results
5 Conclusion Acknowledged
HMRC does not collect the data from providers needed to plan timely action to improve...
Conclusion
HMRC does not collect the data from providers needed to plan timely action to improve young people’s engagement with their accounts and assess whether its actions are working. HMRC’s understanding of Child Trust Fund accounts that have matured but are … Read more
Government Response Summary
The government agreed, stating the recommendation is implemented. HMRC has reviewed its awareness and tracing strategy, is confident in its current approach, and will continue to explore new routes and monitor unclaimed accounts to determine when further intervention is appropriate.
HM Treasury
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