Regulation 18 Permitted withdrawals from an account
United Kingdom
Withdrawals from an account before the date on which the named child attains the age of 18 years may only be made—
(a)
by the account provider, to settle any management charges and other incidental expenses, which are due by or under the management agreement, or
F1(ab)
in accordance with regulation 18A, or
(b)
where the account provider is satisfied that the named child has died under that age.
Annotations
Textual amendments
- F1
Reg. 18(ab) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 11