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1258398
registered interest false more like this
date less than 2020-12-03more like thismore than 2020-12-03
answering body
Ministry of Justice more like this
answering dept id 54 more like this
answering dept short name Justice more like this
answering dept sort name Justice more like this
hansard heading Child Trust Fund more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made, if any, of the number of families in which a child may be unable to manage funds from their Child Trust Fund when they reach the age of 18. more like this
tabling member printed
Lord Wigley remove filter
uin HL11107 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-12-16more like thismore than 2020-12-16
answer text <p>We do not have accurate figures to show how many young people who wish to access a Child Trust Fund at age 18 may lack the mental capacity to make financial decisions for themselves.</p><p>The MENCAP website states that approximately 2.5% of children in the UK are believed to have a learning disability and consequently we estimate that there may be between 1 and 2% of Child Trust Funds where the account holder may lack capacity to make financial decisions at age 18. This equates to between 63,000 and 126,000 accounts but is a very rough estimate.</p> more like this
answering member printed Baroness Scott of Bybrook more like this
question first answered
less than 2020-12-16T12:20:18.683Zmore like thismore than 2020-12-16T12:20:18.683Z
answering member
4553
label Biography information for Baroness Scott of Bybrook more like this
tabling member
547
label Biography information for Lord Wigley more like this