Calls for change have so far been met with a firm no
Campaigners and the Child Trust Fund industry have called for the appointee scheme to be extended so parents can access their child’s savings
it means that if you wish to access the money found in a savings product the Government forced you to take out for your childThis is a costly and laborious process that involves reading as many as 90 legal forms, paying £300 or more for a GP to complete a 10-page form certifying your child’s lack of mental capacity, paying a £371 court fee , then possibly paying a £465 annual supervision costs to the court as well as an insurance policy that will depend on how much money is in...
Many issues are at play here, including the legal intricacies that have seen a law designed to protect the vulnerable deny them savings their non-disabled peers can access easily, and the messy realities of implementing universal savings schemes. But the biggest hurdle that needs to be overcome is a total lack of empathy from the Government.
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