Just a quick question but I'm pretty confused and can't seem to find a definite answer anywhere.
I began claiming Universal Credit in September after my husband moved out suddenly and am only now starting to sort out my finances properly. I am under the threshold for savings but have suddenly remembered that my daughter has a Child Trust fund we set up 15 years ago not long after she was born. I can't access it, it can only be accessed by her and only when she is 18. The account is in her name and I am named as the registered contact.
Would anyone know whether I need to declare this please and whether it would count as capital or not?