Savings & Retirement
A $12 Billion Trust Fund Is About to Crack Open for U.K. Teens
18-year-olds will get between $1,300 and $93,000, potentially shaping the financial lives of a generation of young Britons.
Photographer: Naomi Baker/Getty Images
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After 15 years, a $12 billion piggy bank is finally ready to be raided.
British teens turning 18 on Tuesday will begin receiving payouts from an experimental savings program enacted when Tony Blair was prime minister — and “Harry Potter and the Goblet of Fire” was the world’s No. 1 movie.