The Child Trust Funds Regulations 2004 No. 1450

PART 2 U.K. Other requirements to be satisfied in relation to accounts

Annual limit on subscriptions U.K.

9.—(1) Any person (including the child) may make subscriptions to a child’s account, subject to paragraphs (2) and (3).

(2) Subscriptions to an account made during any subscription year, that is—

(a) the period beginning with the day on which the account is opened (or if opened before the appointed day, opened for the purpose of accepting subscriptions under regulation 5(2)(b)), and ending immediately before the child’s next birthday, and

(b) any succeeding period of twelve months,

shall not in aggregate exceed the sum of [F1 £4,000].

(3) Where the aggregate of subscriptions in any year falls short of [F2 £4,000] or is nil, there shall be no addition to the amount for any succeeding year.

Textual Amendments

F1 Sum in reg. 9(2) substituted (1.7.2014) by The Child Trust Funds (Amendment No. 2) Regulations 2014 (S.I. 2014/1453), regs. 1, 3

F2 Sum in reg. 9(3) substituted (1.7.2014) by The Child Trust Funds (Amendment No. 2) Regulations 2014 (S.I. 2014/1453), regs. 1, 3