1. Introductory Text

  2. PART 1 Introductory

    1. 1.Citation and commencement

    2. 2.Interpretation

    3. 3.Vouchers

    4. 4.Descriptions of accounts

    5. 5.Opening of account by responsible person or the child

    6. 6.Opening of account by Inland Revenue—(Revenue allocated accounts)

    7. 7.Government contributions

    8. 7A.Age 7 payments

    9. 7B.Yearly disability payments

  3. PART 2 Other requirements to be satisfied in relation to accounts

    1. 8.General requirements for accounts

    2. 9.Annual limit on subscriptions

    3. 10.Statements for an account

    4. 11.General investment rules

    5. 12.Qualifying investments for an account

    6. 13.Conditions for application by responsible person or the child to open an account (and changes to an account)

    7. 14.Account provider—qualifications and Board’s approval

    8. 15.Account provider—appointment of tax representative

    9. 16.Account provider—withdrawal by Board of approval

    10. 17.Account provider—appeal against non-approval or withdrawal of Board’s approval

    11. 18.Permitted withdrawals from an account

    12. 18A.Permitted withdrawals from an account where the child is terminally ill

    13. 19.Account provider ceasing to act (or ceasing to accept Revenue allocated accounts)

    14. 20.Account provider ceasing to qualify

    15. 21.Transfer of accounts to other account providers

    16. 22.Recoupment of Inland Revenue contributions to void accounts (and other accounts)

    17. 23.“Repair” of invalid accounts

  4. PART 3 Tax and administration of accounts

    1. 24.Exemption from tax of account income and gains

    2. 25.Tax liabilities and reliefs—account provider to act on behalf of the named child

    3. 26.Repayments in respect of tax to account provider—interim tax claims

    4. 27.Repayments in respect of tax to account provider—annual tax claims

    5. 28.Account provider’s tax claims—supplementary provisions

    6. 29.Assessments for withdrawing relief and recovering tax

    7. 30.Fortnightly claim and financial returns

    8. 31.Records to be kept by account provider

    9. 32.Returns of information by account provider

    10. 33.Information about “looked after children” from Local Authorities

    11. 33A.The Official Solicitor or Accountant of Court to be the person who has the authority to manage an account

    12. 34.Information to be provided to the Board

    13. 35.Inspection of records by officer of the Board

    14. 36.Capital gains tax—adaptation of enactments

    15. 37.Administration of tax in relation to accounts—supplementary

    16. 38.Application of the provisions of Chapter 2 of Part 13 of the Taxes Act and of Chapter 9 of Part 4 of ITTOIA 2005 to policies

  5. Signature

    1. SCHEDULE

      STAKEHOLDER ACCOUNTS

      1. Description of stakeholder account

        1. 1.An account is a stakeholder account where it has the...

      2. Characteristics of stakeholder account etc

        1. 2.(1) A stakeholder account must have the characteristics set out...

      3. Stakeholder accounts—charges etc

        1. 3.(1) Deductions from a stakeholder account may only be made...

  7. Explanatory Note