Joan asks about Child Trust Funds

Joan Ruddock (Lewisham, Deptford, Labour)

To ask the Chancellor of the Exchequer what the cost to the public purse was of the provision of Child Trust Fund payments to the residents of Lewisham, Deptford constituency in each year since the scheme’s inception; and how many such funds were established for children in the constituency in each such year.

Mark Hoban (Financial Secretary, HM Treasury; Fareham, Conservative)

Statistical information about Child Trust Funds is published on HM Revenue and Customs’ website at

http://www.hmrc.gov.uk/ctf/stats.htm

The latest Westminster constituency information published in autumn 2009, and in advance of the 2010 general election boundary changes, shows that 7,623 children born on or before 6 April 2008 in the Lewisham, Deptford constituency had a Child Trust Fund account.

All eligible children currently receive a payment from the government to open their Child Trust Fund account with children in low income families also getting an additional government payment. The total cost of Government payments to child trust funds is not available at constituency level.

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About Andrew Brown

I live in Lewisham, South East London, and spent 9 years as a Labour councillor in the borough between 1997 and 2006.
This entry was posted in Joan Ruddock, Lewisham's Politicians. Bookmark the permalink.

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