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On our Own Two Feet

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Barnardo's is working in partnership with Action for Children to call on the Government to set up an asset-based savings account (ISA) for looked after children.

Our proposal is based on the new voluntary ISA scheme due to be introduced in 2011 which will afford families the opportunity to invest in their children¿s futures. With the majority of children in care having little or no contact with their parents, they are unlikely to benefit from this opportunity and end up with nothing. The report sets out our scheme which will cost an estimated 6.6 million and ensure that scarce public resources are targeted towards those who need them most. It shows that savings accounts for looked after children will: - Provide practical help, particularly around the critical periods of transition to independence - Help improve educational outcomes and access to employment - Support Social Mobility - Offer an opportunity to improve financial education and responsibility - Raise aspirations and help young people make positive choice about their future.

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The following are available for free download:

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Associated subjects and types

Policy and research documents, Social care support


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