Making finance decisions for young people: parent and carer toolkit

This toolkit provides a guide for parents and carers to make financial decisions for a young person who lacks mental capacity.

Applies to England and Wales



By the end of this toolkit, you should be able to understand:

  • what lacking mental capacity means and the decision-making principles
  • the changes to decision-making responsibility when a child reaches adulthood
  • the relevant route for you to make financial decisions on behalf of a young person, including how to access a Child Trust Fund
  • if the young person is under the age of 18, how to prepare to make financial decisions when they reach adulthood
Published 9 June 2023
Last updated 6 July 2023 + show all updates
  1. Easy read version published.

  2. Welsh language version published.

  3. First published.