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Pre-Budget – Second Child Trust Fund payment to be made at age 7

The Chancellor has unveiled a plan for a second Child Trust Fund payment to be made to children on their seventh birthday.

All children born after September 1, 2002 are already eligible for the 250 Government-funded starting payment, with children of families in receipt of the child tax credit getting a further 250.

Gordon Brown’s plan will see a firther payment of 250 per child, and 500 per low income family child, at age seven.

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