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On average, these accounts are thought to be worth around £2,100 and can be accessed once the recipient turns 18

Tens of thousands of children and young adults have long-lost savings deals called Child Trust Funds, with an average of £2,100 in each one, and now HMRC is urging Brits to check if they are owed anything

HM Revenue and Customs (HMRC) are urging tens of thousand of young people to check if they could have money sitting waiting to be withdrawn with around 6.3 million accounts having been set up throughout the duration of the scheme.

The cash will be given to customers who used Tax Credits Ltd to claim tax back online - here's how the refund process will work

Child Trust Funds are long-term savings accounts opened for every UK child born between September 1 2002 and January 2 2011.

Teenagers across the UK could have tens of thousands of pounds waiting for them in savings accounts says HMRC.

Teenagers could have an average of £2,100 in their Child Trust Fund savings account waiting to be claimed.

Teenagers across the UK could have tens of thousands of pounds waiting for them in savings accounts says HMRC.

From November 1, all VAT-registered firms must sign up to Making Tax Digital (MTD) and use compatible software.