LegalizeThe Child Trust Funds (Amendment) Regulations 2018
Made: 12th March 2018
Laid before Parliament: 13th March 2018
Coming into force: 6th April 2018
The Treasury make these Regulations in exercise of the powers in sections 12(2) and 28(1) of the Child Trust Funds Act 2004[^f00001].
Citation and commencement
1
These Regulations may be cited as the Child Trust Funds (Amendment) Regulations 2018 and come into force on 6th April 2018.
Amendment of the Child Trust Funds 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)[^f00003] for “£4,128”, substitute “£4,260”.
Signed
Paul Maynard — David Rutley — Two of the Lords Commissioners of Her Majesty’s Treasury — 12th March 2018
Explanatory note
(This note is not part of the Regulations)
EXPLANATORY NOTE
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 £4,128 to £4,260 (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.
Footnotes
[^f00001]: 2004 c. 6.
[^f00002]: S.I. 2004/1450.
[^f00003]: Regulation 9(2) and (3) was last amended by S.I. 2017/185.
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