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1612493

registered interest
date	19/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Trust Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to help ensure that unclaimed mature Child Trust Funds are claimed by account holders.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	181783
answer	answer is ministerial correction date of answer 24/04/2023 answer text <p>HMRC has worked closely with Child Trust Fund (CTF) providers, the wider industry and the Money and Pensions Service to ensure that young people are aware of, and can access, their CTFs.</p><p>HMRC has:</p><p>· required CTF providers to write to their customers informing them of their options in their 17th year and to provide statements annually after the account holder turns 18.</p><p>· worked closely with CTF providers to ensure they are meeting regulatory requirements to communicate with CTF customers approaching and reaching maturity.</p><p>· developed and improved the ‘Find my CTF’ service on GOV.uk to help customers locate their account.</p><p>· added information to the National Insurance Notification (NINO) letter, which is sent out prior to a child’s 16th birthday, to raise awareness of the CTF scheme with children in the appropriate age bracket</p><p>· issued a range of communications through regular press releases and social media posts.</p><p>Children with maturing CTFs also receive a significant amount of written information pertaining to their account directly from their account provider. <br> <br> Information on the number of CTFs that have matured and were recorded as continuing as of the 5th of April 2021 is available in HMRC Annual Savings Statistics: www.gov.uk/government/statistics/annual-savings-statistics-2022.</p><p>We cannot provide an estimate of the number of mature continuing CTFs by region, disability, or ethnicity as we do not hold that data.</p><p>Estimates of the number of mature continuing CTFs by gender or income decile can only be provided at a disproportionate cost.</p><p>The scheme has been closed to new entrants for over 12 years. In this time HMRC has been focusing resources on evaluating and improving existing schemes. We will continue to keep the need to evaluate old schemes under review.</p><p>The process for accessing CTF accounts for terminally ill children is kept as simple as possible, while protecting the interests of the child. Only a person with parental responsibility can take money out of a terminally ill child’s account.</p><p>To access the CTF of a child with a terminal illness, the parent or guardian completes an application form on Gov.uk and provides evidence of receipt of terminal illness benefit from the Department of Work and Pensions or Social Security Scotland. If they are not receiving any such benefit, they can provide evidence from a medical practitioner about the child’s illness.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 181785 181787 181788 181792 question first answered 24/04/2023 14:11:59 answering member 4874 label Biography information for Andrew Griffith
tabling member	4244 label Biography information for Jonathan Ashworth

1612495

registered interest
date	19/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Trust Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an estimate of the number of account holders with unclaimed mature Child Trust Funds broken down by (a) region, (b) gender, (c) ethnicity, (d) disability and (e) income decile.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	181785
answer	answer is ministerial correction date of answer 24/04/2023 answer text <p>HMRC has worked closely with Child Trust Fund (CTF) providers, the wider industry and the Money and Pensions Service to ensure that young people are aware of, and can access, their CTFs.</p><p>HMRC has:</p><p>· required CTF providers to write to their customers informing them of their options in their 17th year and to provide statements annually after the account holder turns 18.</p><p>· worked closely with CTF providers to ensure they are meeting regulatory requirements to communicate with CTF customers approaching and reaching maturity.</p><p>· developed and improved the ‘Find my CTF’ service on GOV.uk to help customers locate their account.</p><p>· added information to the National Insurance Notification (NINO) letter, which is sent out prior to a child’s 16th birthday, to raise awareness of the CTF scheme with children in the appropriate age bracket</p><p>· issued a range of communications through regular press releases and social media posts.</p><p>Children with maturing CTFs also receive a significant amount of written information pertaining to their account directly from their account provider. <br> <br> Information on the number of CTFs that have matured and were recorded as continuing as of the 5th of April 2021 is available in HMRC Annual Savings Statistics: www.gov.uk/government/statistics/annual-savings-statistics-2022.</p><p>We cannot provide an estimate of the number of mature continuing CTFs by region, disability, or ethnicity as we do not hold that data.</p><p>Estimates of the number of mature continuing CTFs by gender or income decile can only be provided at a disproportionate cost.</p><p>The scheme has been closed to new entrants for over 12 years. In this time HMRC has been focusing resources on evaluating and improving existing schemes. We will continue to keep the need to evaluate old schemes under review.</p><p>The process for accessing CTF accounts for terminally ill children is kept as simple as possible, while protecting the interests of the child. Only a person with parental responsibility can take money out of a terminally ill child’s account.</p><p>To access the CTF of a child with a terminal illness, the parent or guardian completes an application form on Gov.uk and provides evidence of receipt of terminal illness benefit from the Department of Work and Pensions or Social Security Scotland. If they are not receiving any such benefit, they can provide evidence from a medical practitioner about the child’s illness.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 181783 181787 181788 181792 question first answered 24/04/2023 14:11:59 answering member 4874 label Biography information for Andrew Griffith
tabling member	4244 label Biography information for Jonathan Ashworth

1612497

registered interest
date	19/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Trust Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the National Audit Office report entitled Investigation into Child Trust Funds published on 14 March 2023, for what reason the Government has not planned to commission additional data collection to enable an evaluation of the Child Trust Fund scheme.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	181787
answer	answer is ministerial correction date of answer 24/04/2023 answer text <p>HMRC has worked closely with Child Trust Fund (CTF) providers, the wider industry and the Money and Pensions Service to ensure that young people are aware of, and can access, their CTFs.</p><p>HMRC has:</p><p>· required CTF providers to write to their customers informing them of their options in their 17th year and to provide statements annually after the account holder turns 18.</p><p>· worked closely with CTF providers to ensure they are meeting regulatory requirements to communicate with CTF customers approaching and reaching maturity.</p><p>· developed and improved the ‘Find my CTF’ service on GOV.uk to help customers locate their account.</p><p>· added information to the National Insurance Notification (NINO) letter, which is sent out prior to a child’s 16th birthday, to raise awareness of the CTF scheme with children in the appropriate age bracket</p><p>· issued a range of communications through regular press releases and social media posts.</p><p>Children with maturing CTFs also receive a significant amount of written information pertaining to their account directly from their account provider. <br> <br> Information on the number of CTFs that have matured and were recorded as continuing as of the 5th of April 2021 is available in HMRC Annual Savings Statistics: www.gov.uk/government/statistics/annual-savings-statistics-2022.</p><p>We cannot provide an estimate of the number of mature continuing CTFs by region, disability, or ethnicity as we do not hold that data.</p><p>Estimates of the number of mature continuing CTFs by gender or income decile can only be provided at a disproportionate cost.</p><p>The scheme has been closed to new entrants for over 12 years. In this time HMRC has been focusing resources on evaluating and improving existing schemes. We will continue to keep the need to evaluate old schemes under review.</p><p>The process for accessing CTF accounts for terminally ill children is kept as simple as possible, while protecting the interests of the child. Only a person with parental responsibility can take money out of a terminally ill child’s account.</p><p>To access the CTF of a child with a terminal illness, the parent or guardian completes an application form on Gov.uk and provides evidence of receipt of terminal illness benefit from the Department of Work and Pensions or Social Security Scotland. If they are not receiving any such benefit, they can provide evidence from a medical practitioner about the child’s illness.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 181783 181785 181788 181792 question first answered 24/04/2023 14:11:59 answering member 4874 label Biography information for Andrew Griffith
tabling member	4244 label Biography information for Jonathan Ashworth

1612498

registered interest
date	19/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Trust Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps the Government is taking to increase children's and young people's awareness of Child Trust Funds.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	181788
answer	answer is ministerial correction date of answer 24/04/2023 answer text <p>HMRC has worked closely with Child Trust Fund (CTF) providers, the wider industry and the Money and Pensions Service to ensure that young people are aware of, and can access, their CTFs.</p><p>HMRC has:</p><p>· required CTF providers to write to their customers informing them of their options in their 17th year and to provide statements annually after the account holder turns 18.</p><p>· worked closely with CTF providers to ensure they are meeting regulatory requirements to communicate with CTF customers approaching and reaching maturity.</p><p>· developed and improved the ‘Find my CTF’ service on GOV.uk to help customers locate their account.</p><p>· added information to the National Insurance Notification (NINO) letter, which is sent out prior to a child’s 16th birthday, to raise awareness of the CTF scheme with children in the appropriate age bracket</p><p>· issued a range of communications through regular press releases and social media posts.</p><p>Children with maturing CTFs also receive a significant amount of written information pertaining to their account directly from their account provider. <br> <br> Information on the number of CTFs that have matured and were recorded as continuing as of the 5th of April 2021 is available in HMRC Annual Savings Statistics: www.gov.uk/government/statistics/annual-savings-statistics-2022.</p><p>We cannot provide an estimate of the number of mature continuing CTFs by region, disability, or ethnicity as we do not hold that data.</p><p>Estimates of the number of mature continuing CTFs by gender or income decile can only be provided at a disproportionate cost.</p><p>The scheme has been closed to new entrants for over 12 years. In this time HMRC has been focusing resources on evaluating and improving existing schemes. We will continue to keep the need to evaluate old schemes under review.</p><p>The process for accessing CTF accounts for terminally ill children is kept as simple as possible, while protecting the interests of the child. Only a person with parental responsibility can take money out of a terminally ill child’s account.</p><p>To access the CTF of a child with a terminal illness, the parent or guardian completes an application form on Gov.uk and provides evidence of receipt of terminal illness benefit from the Department of Work and Pensions or Social Security Scotland. If they are not receiving any such benefit, they can provide evidence from a medical practitioner about the child’s illness.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 181783 181785 181787 181792 question first answered 24/04/2023 14:11:59 answering member 4874 label Biography information for Andrew Griffith
tabling member	4244 label Biography information for Jonathan Ashworth

1612502

registered interest
date	19/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Trust Fund: Terminal Illnesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to simplify the process by which families of children with terminal health conditions may access Child Trust Funds.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	181792
answer	answer is ministerial correction date of answer 24/04/2023 answer text <p>HMRC has worked closely with Child Trust Fund (CTF) providers, the wider industry and the Money and Pensions Service to ensure that young people are aware of, and can access, their CTFs.</p><p>HMRC has:</p><p>· required CTF providers to write to their customers informing them of their options in their 17th year and to provide statements annually after the account holder turns 18.</p><p>· worked closely with CTF providers to ensure they are meeting regulatory requirements to communicate with CTF customers approaching and reaching maturity.</p><p>· developed and improved the ‘Find my CTF’ service on GOV.uk to help customers locate their account.</p><p>· added information to the National Insurance Notification (NINO) letter, which is sent out prior to a child’s 16th birthday, to raise awareness of the CTF scheme with children in the appropriate age bracket</p><p>· issued a range of communications through regular press releases and social media posts.</p><p>Children with maturing CTFs also receive a significant amount of written information pertaining to their account directly from their account provider. <br> <br> Information on the number of CTFs that have matured and were recorded as continuing as of the 5th of April 2021 is available in HMRC Annual Savings Statistics: www.gov.uk/government/statistics/annual-savings-statistics-2022.</p><p>We cannot provide an estimate of the number of mature continuing CTFs by region, disability, or ethnicity as we do not hold that data.</p><p>Estimates of the number of mature continuing CTFs by gender or income decile can only be provided at a disproportionate cost.</p><p>The scheme has been closed to new entrants for over 12 years. In this time HMRC has been focusing resources on evaluating and improving existing schemes. We will continue to keep the need to evaluate old schemes under review.</p><p>The process for accessing CTF accounts for terminally ill children is kept as simple as possible, while protecting the interests of the child. Only a person with parental responsibility can take money out of a terminally ill child’s account.</p><p>To access the CTF of a child with a terminal illness, the parent or guardian completes an application form on Gov.uk and provides evidence of receipt of terminal illness benefit from the Department of Work and Pensions or Social Security Scotland. If they are not receiving any such benefit, they can provide evidence from a medical practitioner about the child’s illness.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 181783 181785 181787 181788 question first answered 24/04/2023 14:11:59 answering member 4874 label Biography information for Andrew Griffith
tabling member	4244 label Biography information for Jonathan Ashworth

1541958

registered interest
date	14/11/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Unemployment: National Income
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the potential impact of economic inactivity on national GDP.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	86493
answer	answer is ministerial correction date of answer 17/11/2022 answer text <p>In the Autumn Statement on 17 November, the Chancellor set out to the House the Office for Budget Responsibility’s latest economic forecasts. These include forecasts for GDP and take into account recent data on the labour market.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 17/11/2022 13:53:00 answering member 4874 label Biography information for Andrew Griffith
tabling member	4244 label Biography information for Jonathan Ashworth

1535879

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with (a) Cabinet colleagues and (b) stakeholders on reforming pension tax relief.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	71088
answer	answer is ministerial correction date of answer 01/11/2022 answer text <p>Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></p><p> </p><p>At Summer Budget 2015 the Government conducted a consultation on whether there was a case for reforming pensions tax relief to strengthen incentives to save, and offer savers greater simplicity and transparency, or whether it would be best to keep with the current system. Responses to the consultation indicated that there was no clear consensus for reform at that time, and so at Budget 2016 the Government announced that it would not be making fundamental reform to the pensions tax system.</p><p> </p><p>As ever, the Government keeps all aspects of the tax system under review, as part of the annual Budget process, and in the context of the wider public finances.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 01/11/2022 14:18:35 answering member 4874 label Biography information for Andrew Griffith
tabling member	4244 label Biography information for Jonathan Ashworth