Trust Fund
| Use attributes for filter ! | |
| Origin | Bristol |
|---|---|
| United Kingdom | |
| Albums | Seems Unfair |
| We have always lived in The Harolds | |
| Members | Grace Denton |
| Two White Cranes | |
| Genres | Indie Rock |
| Indie Pop | |
| Record labels | Turnstile |
| Reeks of Effort | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2166004 |
About Trust Fund
Trust Fund was a musical project founded and led by Ellis Jones whilst living in Bristol in the South West of England. Both on recordings and live the band also featured a rotating lineup of musicians to fill out the sound.
Child Trust Funds: Nearly a million accounts not accessed
...By Ruth CleggBBC NewsNearly a million young people have yet to claim their Child Trust Funds, MPs have warned...
Teens locked out of Child Trust Funds also risk benefits cut
...By Ruth CleggDisability news reporterThousands of disabled young people who have money stuck in Child Trust Funds could also have their benefits cut...
Child Trust Funds: Millions of pounds stuck in 80,000 accounts - report
...By Ruth CleggDisability news reporterTens of millions of pounds belonging to about 80,000 young people without capacity to make financial decisions could be locked in Trust Funds, a report suggests...
Lisa Marie Presley: When a celebrity dies, who gets what can get messy
... 5m) Trust Fund to her chihuahuas, prompting her son to fight the pooches in court...
Just Stop Oil: Activists says they have 'a duty to protest'
... " " I don t think it s a case of everyone being a Trust Fund kid whose lifestyles are funded by parents...
Afghanistan: World Bank freezes projects over girls' school ban
... They are financed by the Afghanistan Reconstruction Trust Fund (ARTF), which was frozen last year after the Taliban took control of the country...
Afghanistan: Donors to release frozen funds for food and health aid
... The money from the World Bank-administered Afghanistan Reconstruction Trust Fund will be transferred to the WFP and to Unicef, both UN agencies...
James Arthur: 'I want to be one of the greats'
... " You know, if you ve got a Trust Fund and you can fund launching your music career that s all well and good [but] I d just love to see people who didn t have the best start in life break through...
Child Trust Funds: Nearly a million accounts not accessed
By Ruth CleggBBC News
Nearly A Million Young People have yet to claim their Child Trust Funds, MPs have warned.
The Public Accounts Committee estimates that More Than £1. 7bn is sitting in accounts waiting to be accessed.
It says " failure in long term planning" by HMRC means 42% of eligible 18-20 Year olds have not drawn on their savings.
A HMRC spokesperson said they had notified Young People before their account matured.
The Chair of The Public Accounts Committee (PAC), Dame Meg Hillier , said that while these accounts were a vital " financial jump start" to adulthood, the scheme So Far had not achieved that ambition.
Under the Labour Government, any child born between 2002 and 2011 was eligible to receive at least £250 in a savings pot, which they could access as soon as they turned 18.
An average account contains £1,900.
However, according to MPs, poor planning by HMRC, a lack of engagement with account holders and barriers accessing savings meant that many from low-income backgrounds were missing out.
Children who lack capacity were particularly affected, with an estimated 80,000 having to rely on their families to go through a lengthy, often costly court process to access their savings.
Harry Kaur is one of those 80,000. His mum has saved More Than £7,000 in his savings account - assuming he would be able to access it like his older brother.
But , she's been told the only way 16-Year -old Harry, who has Down Syndrome and a love of Bollywood dancing, can access his money is if she goes through The Court of Protection.
" I don't know what to do to be honest, The Money will mean so much to Harry - But at the same time the bureaucracy, cost, and overall impact of the legal implications is huge.
" I saved for my son, like I did for his brother, the whole system is wrong if it deprives Harry of what is rightfully his. "
The Committee also found that Trust Fund providers were not only failing to keep customers informed; they were also charging fees - up to £100m a Year - just to passively manage the accounts.
More Than 800,000 accounts belong to people from low-income backgrounds - prompting concern that those who need The Money The Most were not able to access it.
The Committee said that HMRC and Trust Fund providers - Such as buildings societies and Banks - Must do more to ensure that Young People are aware of their savings and provide support to help them access their money.
A spokesperson for HMRC said that every 16-Year -old was sent information about finding their Child Trust Fund with their National Insurance letter and that they regularly kept account holders up to date But anyone " unsure" about their situation should also contact their bank or building society.
Related TopicsSource of news: bbc.com
