OpenLegislation

The Child Trust Funds (Amendment No. 2) Regulations 2020

S.I. 2020/269 · Made 10 March 2020

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Child Trust Funds

Made 10th March 2020

Laid before Parliament 12th March 2020

Coming into force 6th April 2020

The Treasury, in exercise of the powers conferred by section 12(2) of the Child Trust Funds Act 2004f1, make the following Regulations.

Annotations to the whole text

Footnotes

f1

2004 c. 6.

Contents

  1. 1Citation and commencement
  2. 2Amendment of the Child Trust Funds Regulations 2004
  3. 3Amendment of the Child Trust Funds Regulations 2004
  4. Signature
  5. Explanatory note

1Citation and commencement

These Regulations may be cited as the Child Trust Funds (Amendment No. 2) Regulations 2020 and come into force on 6th April 2020.

2Amendment of the Child Trust Funds Regulations 2004

The Child Trust Funds Regulations 2004f1 are amended as follows.

3Amendment of the Child Trust Funds Regulations 2004

In regulation 9(2) and (3) (annual limit on subscriptions)f1 for “£4,368” substitute “£9,000”.

Signature

Iain Stewart

David Rutley

Two of the Lords Commissioners of Her Majesty’s Treasury

10th March 2020

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450). They provide for the annual limit on subscriptions to be increased from £4,368 to £9,000 (regulation 3).

A Tax Information and Impact Note will be published on the HM Government website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.