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Carer's Allowance and Child Trust Funds

Money Box

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Navigating Child Trust Funds and Assistance Challenges

This chapter delves into the complexities surrounding Carer's Allowance repayment terms and the challenges young adults face with Child Trust Funds. It shares Max's disappointing experience with his fund's diminishing value due to hidden fees and emphasizes the need for better communication from investment firms. Furthermore, it highlights the significant lack of awareness among young people about these financial accounts and the potential for government intervention to improve access and support.

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