HMRC Targets Junior ISA Millionaires

Official data reveals that approximately 750,000 accounts held by individuals aged 15 to 24 remain unclaimed, with an average value of £2,000 per person.

The surge in high-value Junior ISAs is being attributed to early investing and the power of compound interest in a favorable market.

Financial experts are urging parents to check for lost funds, which could provide a significant boost for first-time homebuyers or university students.

The government's push to reunite these funds with their owners is part of a broader effort to improve financial literacy among the UK's youth.