The Child Trust Funds Regulations 2004

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

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

   13. 20. Account provider ceasing to qualify

   14. 21. Transfer of accounts to other account providers

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

   16. 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. 34. Information to be provided to the Board

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

   13. 36. Capital gains tax—adaptation of enactments

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

   15. 38. Application of the provisions of Chapter 2 of Part 13 of the Taxes Act to policies

5. Signature

6. 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