Opening and transfers
I35Opening by responsible person or child
I11
In the case of each child who is first an eligible child by virtue of section 2(1)(a) the Inland Revenue must issue, in a manner prescribed by regulations, a voucher in such form as is so prescribed.
I12
The voucher must be issued to the person who is entitled to child benefit in respect of the child (or, in the case of a child who is such an eligible child because of section 2(3), to a responsible person).
I23
An application may be made—
a
if the child is 16 or over, by the child, or
b
otherwise, by a responsible person,
to open for the child with an account provider a child trust fund of any description provided by the account provider.
I24
The application is to be made—
a
within such period beginning with the day on which the voucher is issued as is prescribed by regulations, and
b
in accordance with regulations.
I25
When the application has been made the account provider must—
a
open, in accordance with regulations, a child trust fund of that description for the child, and
b
inform the Inland Revenue in accordance with regulations.