Jul 8 2008
A new plan designed to help children in the UK learn about money has been launched by the Treasury.
Building on previous strategies, including the use of child trust funds (CTFs), the government will aim to give British children a good understanding of basic personal finance products as they approach the age of 18.
Millions of pounds are to be invested through the Learning Money Matters programme in an effort to enhance financial capability among young people in schools across the country.
A Treasury statement explained: "This programme will support financial capability for children and young people from ages four to 19, focusing on the financial decisions children meet from when they first encounter money until they leave school."
Meanwhile, the Tax Incentivised Savings Association recently announced that 112,000 news CTFs were opened on behalf of children in the UK over the course of the second quarter of this year.
