TISA - Tax Incentivised Savings Association - Project

CTF Gone-aways Working Group

CTF Gone-aways Working Group

The CTF Gone Aways Working Group will actively work with all interested parties to increase publicity of Child Trust Funds (CTF), the imminent maturities and to reunite assets with their owners. The Group has produced a best practice document for the industry to use as a guide in reducing gone aways for CTF accounts.

Areas of focus
Identify key blockers:
Lack of access to HMRC records.
Potential fraud risk.
Identify solutions:
Regular MI.
Collaboration between HMRC and industry.
Partnership channels with key players.
Create awareness and promote CTF products.