Jeremy Quin, MP for Horsham, has secured a “Westminster Hall” debate in Parliament on 19th March to raise ongoing concerns about access to Child Trust Funds for children with a learning disability.
More than 31,000 disabled young people have been locked out of their own savings accounts thought to be worth £73 million collectively due to lengthy bureaucratic processes. The unfairness of the current arrangements was highlighted to Jeremy by constituent Andrew Turner who has been a tireless campaigner on the issue.
Sir Jeremy will urge the Minister to extend the Department for Work and Pensions Appointee scheme to cover Child Trust Funds. This is a safe and protected way already used by many families to manage benefit income for their disabled child.
While non-disabled youngsters are enjoying the benefits of their Child Trust Fund savings pots which they can access on their 18th birthday, many with a learning disability cannot. Due to Mental Capacity rules, the families of young people with learning disabilities unable to manage their money, have to apply through the court of protection to access their Child Trust Funds. This is a prohibitively lengthy, costly and complex process.
Due to the bureaucratic process, there were just 70 court applications between Sept 2020 and May 2023 compared to around 27,000 accounts maturing over the same period – 0.26%.
Jeremy said: “This is a simple question of fairness. We all want young disabled people to have access to their Child Trust Funds in a way that is not only safe but simple and swift.
“We need to ensure young people with a learning disability don’t lose their savings: parents have enough to cope with without having to battle to access money invested for their children.
“Ministers have taken positive steps but there is much more that can be done.
“There are simple steps which can and should be taken to formulise processes we know will work for disabled young people and their families.”