The UK government announced plans on 3 November 2026 to make it easier for young adults who lack the mental capacity to make financial decisions to access their Child Trust Fund savings. Under the proposals, parents and carers would be able to approach Child Trust Fund providers directly instead of going through the complex and often costly Court of Protection process.

The government estimates the change would affect between 63,000 and 126,000 young adults. Child Trust Funds were introduced in 2005 to give children a financial start in adulthood, but the scheme made no provision for 18-year-olds unable to manage their finances. The Treasury said the funds are worth an average of £2,600 each. The Court of Protection route would remain available as an alternative.

The government said it will bring forward an amendment to the Financial Services and Markets Bill, with details set out in secondary legislation after Parliamentary approval. It will consult campaigners, disability charities and the financial sector on who can access funds, what evidence is required and what safeguards are needed. Campaign group Contact and parent campaigner Andrew Turner welcomed the commitment.