<b>Budget 2006:</b> New money for Child Trust Funds. By Rebecca Benneyworth

The chancellor has confirmed that additional money will be made available to children with Child Trust Fund accounts on their seventh birthday.

The qualifying conditions will be the same as for the initial award made available at birth, that is that the child is UK resident and the subject of a Child Benefit award on their seventh birthday. The carers of all eligible children will receive a further £250 voucher to invest in the child's trust fund.

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