Trust funds might sound like something only the super-rich deal with, but they’re actually a smart way for any parent to plan ...

But there’s a difference between helping your child out financially and spoiling them with a trust fund. In this Reddit post, we have a set of parents who really don’t want to do the latter.

Latonya Skye-Paterson had no idea a Child Trust Fund had been set up for her until her college tutor suggested she check online. "I found I had £955 in there, which is a lot. A lot more than I was ...

A Child Trust Fund is a long-term, tax-free savings account that was available to set up for children born between September 1, 2002 and January 2, 2011. While the scheme closed in 2011 ...

The National Insurance numbers could be used to trace account holders via PAYE payslips, student loans or benefits. A Child Trust Fund was a long-term tax-free savings account for children born ...

The average amount in Child Trust Funds is estimated to be around £2,000 ... student loans or benefits. Sir Geoffrey Clifton-Brown is an MP who also chairs Parliament's Public Accounts Committee.