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Whoever claims Child Benefit for your child will be sent a £250 voucher to create a trust fund for your child's future. You take the voucher to a bank or building society to set it up.
It's like a savings account that they can't be touched until they are 18. Then they can spend the money, or re-invest it.
If you are on a low income, you get a second £250 voucher for your child.
The government will make another payment on their 7th birthday (there'll again be extra if you're on a low income).
You'll get an information pack explaining it all.
