Free Money for Young People

May 13, 2026, 12:27
UKFinance

Introduction

Many young people have money in special bank accounts. They do not know about this money.

Main Body

The government gave money to children born between 2002 and 2011. These are called Child Trust Funds. People can take this money when they are 18 years old. More than 750,000 people did not take their money. There is Β£1.6 billion in these accounts. Each person has about Β£2,200 on average. Now, the government (HMRC) is sending letters to 21-year-olds. These letters tell them how to get the money. Martin Lewis says be careful. HMRC only sends letters. Do not trust emails or texts.

Conclusion

HMRC is sending letters to help young adults get their missing money.

Learning

πŸ’‘ Money Words

In this story, we see words for money and how we get it. Let's look at the most useful ones for your daily life:

  • Account β†’ A place in the bank for your money.
  • Average β†’ The middle number (not too high, not too low).
  • Missing β†’ Something you cannot find.

πŸ› οΈ Using "Do not"

When you want to tell someone not to do something, use Do not (or Don't).

From the text:

  • Do not trust emails.

Other examples for you:

  • Do not open the door.
  • Do not forget your keys.
  • Do not walk on the grass.

πŸ•°οΈ Time & People

Notice how we describe groups of people by their age:

Young people β†’\rightarrow Young adults β†’\rightarrow 21-year-olds

Vocabulary Learning

many (adj.)
A large number of.
Example:Many people enjoy sunny days.
young (adj.)
Not old; in early life.
Example:The young boy played in the park.
people (n.)
Human beings.
Example:People gather in the square.
have (v.)
To possess.
Example:I have a book.
money (n.)
Currency used for buying.
Example:She saved her money for a trip.
special (adj.)
Different from usual.
Example:It was a special gift.
bank (n.)
Financial institution.
Example:I went to the bank to withdraw cash.
account (n.)
Record of money.
Example:He checked his bank account.
do (v.)
To perform an action.
Example:Do you like coffee?
not (adv.)
Negative particle.
Example:I do not know the answer.
know (v.)
To be aware of.
Example:I know the way to the station.
this (pron.)
Referring to something nearby.
Example:This book is mine.
government (n.)
The governing body.
Example:The government announced new rules.
gave (v.)
Past of give.
Example:He gave her a present.
children (n.)
Young humans.
Example:Children play in the yard.
born (adj.)
Having been brought into life.
Example:She was born in 1990.
between (prep.)
At a point in time or space.
Example:Between 2002 and 2011, many were born.
called (v.)
Named.
Example:He is called John.
trust (v.)
To rely on.
Example:Do not trust strangers.
emails (n.)
Electronic messages.
Example:I received several emails.
texts (n.)
Short messages.
Example:She sent a text.
missing (adj.)
Not present.
Example:The missing keys were found.
adults (n.)
Grown-up people.
Example:Adults should be responsible.
careful (adj.)
Cautious.
Example:Be careful with the knife.
letters (n.)
Written messages.
Example:He wrote a letter.