# The Child Trust Funds (Amendment No. 2) Regulations 2015, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450).
These Regulations make provision for the transfer of a child trust fund to a junior Individual Savings Account with the same or another provider (see regulation 6) and a number of minor supporting amendments. They also simplify the process for bulk transfers of accounts.
Regulation 11 amends the age at which the “lifestyling” period for a stakeholder account must begin to the child’s 15th birthday (instead of the 13th birthday).
A Tax Information and Impact Note covering this instrument was published on 31st October 2014 and is available at https://www.gov.uk/government/publications/child-trust-funds-and-junior-individual-savings-account-account-transfers-management-of-accounts-and-lifestyling-of-stakeholder-ctfs. It remains an accurate summary of the impacts that apply to this instrument.

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Source: https://www.legislation.gov.uk/uksi/2015/876/note (the official version)
Page: https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2015/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.