Gwenda Thomas AM Welcomes Child Trust Top-Up For Children

CHILDREN in the Neath Constituency will receive a top-up on their Child Trust Fund, thanks to the Labour-led Welsh Assembly Government.
The money aims to encourage saving, improve financial literacy and help tackle child poverty.

Gwenda Thomas AM today welcomed the premium and said it would provide a helping hand for children from low-income families.

The Child Trust Fund Cymru will mean that children born between 1 September 2002 and 31 August 2004 who already have a Child Trust Fund account will have £50 paid into their account.

Children from families on low incomes will be eligible for £100 on top of their Chid Trust Fund delivered by the UK government.

Mrs. Thomas said: "Reducing child poverty is one of our key priorities here in Wales and these funds will make a real difference. This money will help set these children up for life when they turn 18 and encourage them to save further funds"

“The extra investment for children from low-income families will mean they are given a financial boost when they become 18.”