Thousands of young people missing out on money they don't know about

Kae Tapscott had no idea he had £4,000 waiting for him until his social worker mentioned it just before he turned 18.

Kae, from Tredegar in Blaenau Gwent, had never even heard of the Child Trust Fund (CTF) - and he's not the only one.

They were set up for every child born in the UK between 1 September 2002 and 2 January 2011 with government money, but more than three quarters of a million accessible accounts are unclaimed.

The amount of money in each account will vary, but on average it's more than £2,000.

Kae, who wants to be an actor and is studying performing arts at Coleg Gwent, is urging other young people to check what they may be owed.

"Don't just leave it and do nothing because you might not receive anything if you don't look," he said.

Kae said he had invested his money in an ISA to save for a house in future.

But at first he struggled to find out the details of his CTF because they can be held by a variety of different providers, and in the end used the Share Foundation's free CTF finder.