Young Brits are being encouraged to claim their share of cash pots, each averaging £2,212. HM Revenue and Customs (HMRC) announced earlier this year that over 670,000 people aged between 18 and 22 should "cash in their stash".

This refers to savings accounts established for them by a previous Labour Government. Child Trust Funds are long-term, tax-free savings accounts set up for every child born between 1 September 2002 and 2 January 2011.

The Government deposited £250 into these accounts for each eligible child, with the funds becoming accessible when the child reached 18. As reported by Yorkshire Live , these savings are held with banks, building societies or other financial providers, and the money remains in the account until it is withdrawn or reinvested.

It's estimated that hun

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