Child Trust Funds Act 2004

10 Further contributions by Inland Revenue

(1) Regulations may make provision for the making by the Inland Revenue in the circumstances mentioned in subsection (2) of payments to account providers of child trust funds held by—

(a) eligible children, or

(b) any description of eligible children,

of amounts prescribed by, or determined in accordance with, regulations.

(2) The circumstances referred to in subsection (1) are—

(a) the children attaining such age as may be prescribed by the regulations, or

(b) such other circumstances as may be so prescribed.

(3) The regulations must include provision—

(a) for making account providers aware that such amounts are payable,

(b) about the claiming of such payments by account providers, and

(c) about the crediting of child trust funds by account providers with the amount of such payments.

(4) For the purposes of this section, a child is to be treated as being an eligible child if entitlement to child benefit in respect of the child is excluded by—

(a) paragraph 1(a) of Schedule 9 to the Social Security Contributions and Benefits Act 1992 (c. 4) (children in custody), or

(b) paragraph 1(1)(a) to (d) of Schedule 9 to the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7) (corresponding provision for Northern Ireland).