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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450) (“the Regulations”).

Regulation 2(2), which comes into force on 6th April 2013, amends the Regulations by increasing the annual subscription limit in regulations 9(2) and 9(3) of the Regulations from £3,600 to £3,720 for a child trust fund account.

Regulation 2(3), which comes into force on 16th March 2013, amends the Regulations by removing the requirement for account providers to submit a fortnightly claim and financial return under regulation 30 of those Regulations in respect of periods beginning on or after 16th March 2013.

A Tax Information and Impact Note covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.