# Child Trust Funds Act 2004, Section 7A: Transfers to other accounts for children


(1) Regulations may make provision requiring an account provider, at the request of a person who has the authority to manage a child trust fund, to—
(a) transfer all the investments under the fund, or an amount representing their value in cash, to a protected child account that is provided by a person chosen by the person making the request, and
(b) when all the investments have been transferred, close the child trust fund.
(2) An account is a protected child account if—
(a) there is relief from income tax and capital gains tax in respect of investments under it,
(b) it may be held only by a child, and
(c) it satisfies any other conditions prescribed in regulations under this section.

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Source: https://www.legislation.gov.uk/ukpga/2004/6/section/7A (the official version)
Page: https://openlegislation.uk/child-trust-funds-act-2004/section-7A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.