Contributions and subscriptions
I110Further contributions by Inland Revenue
1
Regulations may make provision for the making by the Inland Revenue in the circumstances mentioned in subsection (2) of payments to account providers of child trust funds held by—
a
eligible children, or
b
any description of eligible children,
of amounts prescribed by, or determined in accordance with, regulations.
2
The circumstances referred to in subsection (1) are—
a
the children attaining such age as may be prescribed by the regulations, or
b
such other circumstances as may be so prescribed.
3
The regulations must include provision—
a
for making account providers aware that such amounts are payable,
b
about the claiming of such payments by account providers, and
c
about the crediting of child trust funds by account providers with the amount of such payments.
4
For the purposes of this section, a child is to be treated as being an eligible child if entitlement to child benefit in respect of the child is excluded by—
a
paragraph 1(a) of Schedule 9 to the Social Security Contributions and Benefits Act 1992 (c. 4) (children in custody), or
b
paragraph 1(1)(a) to (d) of Schedule 9 to the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7) (corresponding provision for Northern Ireland).