LegalizeThe Child Trust Funds (Amendment) Regulations 2015
Made: 9th March 2015
Laid before Parliament: 10th March 2015
Coming into force: 6th April 2015
The Treasury, in exercise of the powers conferred by sections 12(2) and 28(1) of the Child Trust Funds Act 2004[^f00001], make the following Regulations:
Citation and commencement
1
These Regulations may be cited as the Child Trust Funds (Amendment) Regulations 2015 and come into force on 6th April 2015.
Amendment of the Child Trust Fund Regulations 2004
2
The Child Trust Funds Regulations 2004[^f00002] are amended as follows.
3
In regulation 9(2) and (3)(annual limit on subscriptions), for “£4,000”, substitute “£4,080”.
Signed
Mark Lancaster — David Evennett — Two of the Lords Commissioners of Her Majesty’s Treasury — 9th March 2015
Explanatory note
(This note is not part of the Regulations)
EXPLANATORY NOTE
These Regulations amend the Child Trust Fund Regulations 2004 (S.I. 2004/1450) to increase the annual subscription limit to £4,080.
A Tax Information and Impact Note has not been prepared for this instrument as it contains no substantive change to tax policy.
Footnotes
[^f00001]: 2004 c. 6.
[^f00002]: S.I. 2004/1450. The annual subscription limit was last amended by S.I. 2014/1453.
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