The Child Trust Funds Act 2004 (c 6) is an Act of the

Parliament of the United Kingdom The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative suprema ...

Introductory

Section 2 - Eligible children

The words "and before 3rd January 2011" were inserted after "31st August 2002" in section 2(1) by section 1(2) of the

Savings Accounts and Health in Pregnancy Grant Act 2010 The Savings Accounts and Health in Pregnancy Grant Act 2010 (c. 36) is an Act of the Parliament of the United Kingdom The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and ...

. Section 2(5)(b) was substituted b
paragraph 1
of Schedule 2 to the Immigration (European Economic Area) (Amendment) Regulations 2009 (SI 2009/1117). Sections 2(5A) to (5C) were inserted by section 1(3) of the Savings Accounts and Health in Pregnancy Grant Act 2010. The words "or (5B)(a)" were inserted after "subsection (1)(a)" in section 2(6) by section 1(4) of the Savings Accounts and Health in Pregnancy Grant Act 2010.

Section 3 - Requirements to be satisfied

Sections 3(6)(a) and (b) were substituted by section 61(2) of the

Deregulation Act 2015 The Deregulation Act 2015 (c. 20) is an Act of Parliament in the United Kingdom. It is An Act to make provision for the reduction of burdens resulting from legislation for businesses or other organisations or for individuals; make provision for th ...

. The words "under 16" where they first occurred in section 3(8), and the words "under 16" in section 3(10), were repealed by sections 61(3) and (4) of the Deregulation Act 2015. Sections 3(11A) and (11B) were inserted by section 60(3) of the Deregulation Act 2015.

Opening and transfers

Section 7A - Transfers to other accounts for children

This section was inserted by section 62(2) of the Deregulation Act 2015.

Section 7B - Transfers on child reaching 18

This section was inserted by section 62(3) of the Deregulation Act 2015.

Powers to safeguard interests of children

This cross heading was inserted by section 63 of the Deregulation Act 2015.

Section 7C

This section was inserted by section 63 of the Deregulation Act 2015.

Contributions and subscriptions

Section 9 - Supplementary contribution by Inland Revenue

The reference to

income support Income Support is an income-related benefit in the United Kingdom for some people who are on a low income, but have a reason for not actively seeking work. Claimants of Income Support may be entitled to certain other benefits, for example, Housin ...

in section 9(8)(a) was removed b
paragraph 15
of Schedule 2 to the Welfare Reform Act 2009.

Tax

Section 14 - Insurance companies and friendly societies

This section was repealed b
Part 2(7)
of Schedule 27 to the

Finance Act 2007 The Finance Act 2007 is an Act of the Parliament of the United Kingdom prescribing changes to Excise Duties, Value Added Tax, Income Tax, Corporation Tax and Capital Gains Tax. It enacts the Budget of 21 March 2007. In the UK, the ''Chancello ...

. The Child Trust Funds (Insurance Companies) Regulations 2004 (SI 2004/2680) were made under section 333B of the Income and Corporation Taxes Act 1988 as extended by section 14(1) of this Act.

Information etc.

Section 15 - Information from account providers etc.

Section 15(2) was repealed by paragraph 12(3) of Schedule to the Finance Act 2009, Section 96 and Schedule 48 (Appointed Day, Savings and Consequential Amendments) Order 2009 (SI 2009/3054) (C 133).

Penalties

Section 21 - Decisions, appeals, mitigation and recovery

New sections 21(10) to (10C) were substituted for section 21(10) by paragraph 415(3) of Schedule 1 to the

Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 Transfer may refer to: Arts and media * ''Transfer'' (2010 film), a German science-fiction movie directed by Damir Lukacevic and starring Zana Marjanović * ''Transfer'' (1966 film), a short film * ''Transfer'' (journal), in management studies ...

(SI 2009/56).

Section 23 - Exercise of rights of appeal

Section 23(3) was substituted by paragraph 416(2) of Schedule 1 to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009. Sections 23(4) and (5) were repealed by paragraph 416(3) of Schedule 1 to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009. Section 23(6) was substituted by paragraph 416(4) of Schedule 1 to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009. Section 23(7) was repealed by paragraph 416(5) of Schedule 1 to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009.

Section 24

This section was repealed by paragraph 417 of Schedule 1 to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009.

Supplementary

Section 27 - Commencement

The following orders have been made under this section:
The Child Trust Funds Act 2004 (Commencement No. 1) Order 2004
(S.I. 2004/2422 (C. 103))
The Child Trust Funds Act 2004 (Commencement No. 2) Order 2004
(S.I. 2004/3369 (C. 158))

Section 29 - Interpretation

The definition of "appropriate tribunal" was inserted by paragraph 418(2) of Schedule 1 to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009. The definition of "the General Commissioners" was repealed by paragraph 418(3) of Schedule 1 to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009. The definition of "Northern Ireland Social Security Commissioner" was inserted by paragraph 418(4) of Schedule 1 to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009. The definition of "the Special Commissioners" was repealed by paragraph 418(3) of Schedule 1 to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009.

The Child Trust Funds Regulations 2004

References

*"Child Trust Funds Act 2004". Halsbury's Statutes of England and Wales. Fourth Edition. LexisNexis. 2009 Reissue
Volume 6(2)
Page 452. *"Child Trust Funds Act 2004". Current Law Statutes 2004. Sweet & Maxwell. London. W Green. Edinburgh. 2005
Volume 1
Chapter 6.

External links

The Child Trust Funds Act 2004
as amended from the National Archives.
The Child Trust Funds Act 2004
as originally enacted from the National Archives.
Explanatory notes
to the Child Trust Funds Act 2004. {{UK legislation Child welfare in the United Kingdom United Kingdom Acts of Parliament 2004