Search Legislation

Child Trust Funds Act 2004

Section 10: Further contributions by Inland Revenue

47.This section gives the Treasury power to make regulations requiring the payment of Government contributions to account providers for children holding CTF accounts. Subsection (1) provides for these children to be eligible children as defined in this Act or a sub-set of those children specified in the regulations and for the amount of the contribution to be set by regulations.

48.Subsection (2) defines the circumstances in which such contributions would be made as the children reaching an age specified in the regulations or any other condition specified in the regulations. The Government has published its proposal that the first of these payments will be when eligible children turn seven. The first payments will be due in 2009 and the amounts will be published nearer the time when the appropriate regulations will also be made.

49.Subsection (3) secures that the regulations must include provisions for informing account providers of the amounts due, for the account providers to claim the payments and to credit CTF accounts with the payments.

50.Child benefit is not payable for children held in legal custody. Subsection (4) secures that children held in legal custody but otherwise eligible will not be excluded from receiving payments made under this section.

Back to top


Print Options


Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.


More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources