Explanatory Notes

Child Trust Funds Act 2004

2004 CHAPTER 6

13 May 2004

Commentary

Section 4: Inalienability

29.Under subsection (1) any assignment of or charge on funds held in a CTF account will be void. Subsection (2) secures that where a child is made bankrupt it will not be possible for the creditors to gain access to the child’s CTF account. The other subsections deal with Scottish legal equivalents.