Katie Holmes has rubbished claims that her daughter, Suri, is now the beneficiary of a “substantial” trust fund provided by Tom Cruise, Holmes’ ex-husband and the teenager’s estranged father.

On Friday, The Daily Mail published an “exclusive” report that Cruise and Holmes’ 18-year-old came into “a great deal of money” after her birthday in April, when the trust fund “kicked in”.

“It is a part of the divorce deal that a trust fund provided by Tom Cruise be shared with daughter Suri Cruise when she turns 18, and it is substantial,” the outlet credited an “unnamed source” as saying.

“She was allowed to access it when she turned 18 in April. The rest of the money will become available to her once she enters her 30s. The trust fund was carefully confronted so that she does not get all the money at once and becomes overwhelmed.”

After sharing an Instagram tile on Sunday that read “don’t believe everything you read on the Internet” (a quote wrongfully-attributed to William Shakespeare), Holmes explicitly addressed the report in another post this morning.

Over a screenshot of the article, the actor wrote: “Completely False. Daily mail you can stop making stuff up.”

“Enough,” she added in the caption.

The publication also claimed that Holmes – who has a reported net worth of $US25 million ($39m) had set up her own trust fund for Suri – which the actor denied.

Cruise, meanwhile, is allegedly worth over $US600m ($938m).

The former couple – dubbed “TomKat” by the media – were engaged...

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