The Child Trust Funds (Amendment) Regulations 2019


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United Kingdom Statutory Instruments


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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Statutory Instruments

2019 No. 381

Child Trust Funds

The Child Trust Funds (Amendment) Regulations 2019

Made

26th February 2019

Laid before Parliament

28th February 2019

Coming into force

6th April 2019

The Treasury, in exercise of the power conferred by section 12(2) of the Child Trust Funds Act 2004(1), makes the following Regulations.

Citation and commencement

1.  These Regulations may be cited as the Child Trust Funds (Amendment) Regulations 2019 and come into force on 6th April 2019.

Amendment of the Child Trust Funds Regulations 2004

2.  The Child Trust Funds Regulations 2004(2) are amended as follows.

3.  In regulation 9(2) and (3) (annual limit on subscriptions)(3) for "£4,260", substitute "£4,368".

Mike Freer

Craig Whittaker

Two of the Lords Commissioners of Her Majesty's Treasury

26th February 2019

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450). They provide for the annual limit on subscriptions to be increased from £4,260 to £4,368 (regulation 3).

A Tax Information and Impact Note will be published on the HM Government website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.

(3)

Regulation 9(2) and (3) was last amended by S.I. 2018/358.


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