Supporting young adults with incapacity
Mental Health Minister Clare Haughey said:
“We are removing application fees to make it easier for young adults lacking capacity to get access to their Child Trust Fund.
“A Child Trust Fund is a long-term, tax-free savings account for children. The money belongs to the young person and they can only take it out when they turn 18.
“If a young person lacks capacity and as a result cannot handle their finances, then a parent or legal guardian can access this on their behalf if they have applied for a guardianship or intervention order through the Sheriff Court. Alternatively, an application can be made to the Office of the Public Guardian.
“In partnership with the Office of the Public Guardian, we have agreed to waive the prescribed registration fee of £91 to apply for the Access to Funds scheme.
“This means that families who need to access the money in this fund to help the young person’s future can now ask for fees to be waived.
“In the vast majority of situations the legal aid system in Scotland already enables an adult with incapacity to access their capital, including the Child Trust Fund.
“This fee waiver from the Public Guardian, alongside Scotland’s legal aid system, will take away financial barriers and allow families to access Child Trust Funds for young adults who are incapacitated.”