No. In most countries, children do not still receive a Child Trust Fund, and the term “Child Trust Fund” is mainly associated with the United Kingdom.
Here’s how it stands in different places:
- United Kingdom: New Child Trust Funds stopped being offered in 2011. Children born between September 1, 2002, and January 2, 2011 may still have an existing Child Trust Fund, which remains invested until they turn 18. Since 2011, eligible children can instead have a Junior ISA (Individual Savings Account) opened for them.
- Worldwide: Most countries have never had a program called a Child Trust Fund. Some governments offer savings, education, or child benefit schemes, but these differ widely and are not the same as the UK’s Child Trust Fund.
So, the answer is:
- No, children do not still automatically get a Child Trust Fund in the UK.
- No, there is no worldwide Child Trust Fund program. Similar child savings programs exist in some countries, but they vary by nation and are generally separate initiatives.
