2010 No. 836
The Child Trust Funds (Amendment No. 2) Regulations 2010
Made
Coming into force
A draft of this instrument has been laid before Parliament in accordance with section 28(5) of the Child Trust Funds Act 20041 and approved by a resolution of each House of Parliament.
Accordingly, the Treasury make the following Regulations in exercise of the powers conferred by sections 10, 11, 15 and 28(1) to (4) of the Child Trust Funds Act 2004:
Citation, commencement and effect1
1
These Regulations may be cited as the Child Trust Funds (Amendment No. 2) Regulations 2010 and shall come into force on 1st April 2010.
2
These Regulations have effect where a child falls within the terms of regulation 7B (inserted by regulation 3) for a year of assessment commencing on or after 6th April 2009.
Amendments to the Child Trust Funds Regulations 2004
2
The Child Trust Funds Regulations 20042 are amended as follows.
3
After regulation 7A (age 7 payments)3 insert—
Yearly disability payments7B
1
A further contribution under section 10 of the Act is due for any eligible child who is entitled in any year to a disability living allowance, in accordance with paragraphs (2) to (4).
2
Where it has been determined that the child is entitled to the care component of a disability living allowance at the highest weekly rate (see section 72(4)(a) of either the Social Security Contributions and Benefits Act 19924 or the Social Security Contributions and Benefits (Northern Ireland) Act 19925), at any time in the year (whether it is paid or not), the contribution payable for the year shall be £200.
3
In any other case where it has been determined that the child is entitled to a disability living allowance at any time in the year (whether it is paid or not), the contribution payable for the year shall be £100.
4
This regulation shall apply until 5th April 2018.
5
Her Majesty’s Revenue and Customs must inform the account provider holding the child’s account where an amount is payable to that account under this regulation.
6
On receipt of each further contribution from Her Majesty’s Revenue and Customs, the account provider must credit the child’s account with the amount of the payment.
4
In regulation 22(2) (recoupment of Inland Revenue contributions to void accounts and other accounts)6 in paragraph (c) for “or 7A(5)” substitute “, 7A(5) or 7B(1)”.
5
In regulation 30(6)(c) (fortnightly claim and financial returns)7 for “or regulation 7A” substitute “, regulation 7A, or regulation 7B(2) or (3)”.
(This note is not part of the Regulations)