ASSEMBLY Members in Flintshire are urging all parents and teenagers about to turn 18 to check they have access to government-backed trust funds, set up when they were born.

In some cases, these child trust accounts, which will mature this autumn and may contain around £1,000, could be lost after the UK Government scrapped the Labour scheme.

Welsh Labour is demanding the UK Government does more to make sure all young people in Flintshire who are about to turn 18 are properly reunited with their child trust fund.

Hannah Blythyn, AM for Delyn, said: “In 2002, the then UK Labour Government made a significant investment in the future of our young people which was later backed up in 2009 through the Welsh Labour Government’s Child Trust Fund Cymru.

“I am extremely concerned that the current UK Government has not promoted the availability of these trust funds – it is important that those eligible are made fully aware of how to access the savings that they are entitled to without facing any barriers.”

Child Trust Funds were set up by the former UK Labour Government in 2002. All children born from 1 September 2002 received an initial payment of at least £250 before the scheme was abolished by Conservative Ministers in 2011. It is a long-term tax-free scheme designed to help boost savings for children with those from low income families receiving an additional £250.

The Welsh Labour Government boosted the scheme even further with Child Trust Fund Cymru in Autumn 2009. The scheme provided an additional top-up of £50 for all children in Wales, with a payment of £100 to children living in low income households as they began primary school.

Adding to Ms Blythyn’s concerns, Jack Sargeant, AM for Alyn and Deeside, said: “This is your money and Labour want you to have it.

“I am disappointed the UK Government failing in their job to let people know and that is why we are speaking out now. These funds offer an opportunity for young people to re-invest and save further or cover critical immediate costs, at 18 years of age they face some of their most important life decisions.

“I am urging all young people who turn 18 in September to check their funds.”

The first wave of the child trust funds will mature in September 2020, with access to savings for all children born in 2002.

Finance Minister, Rebecca Evans, has written to the UK Treasury demanding all young people in Wales are linked to their accounts.

She said: “The funds committed by previous UK and Welsh Labour governments were investment in our children’s future. Whether young people choose to re-invest that money and save for the future or use it to meet immediate costs to help with their next steps at this pivotal age, they should face no barriers to accessing these savings.”

The Welsh Labour Government opposed the abolition of the scheme in 2011 and has accused the Tories of undermining the scheme by not promoting savings that risk going unclaimed when young people turn 18.

For more information or help on how to access these funds, go to www.gov.uk/child-trust-funds.