The Child Trust Funds (Amendment) Regulations 2005

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Draft Regulations laid before Parliament under section 28(5) of the Child Trust Funds Act 2004, for approval by resolution of each House of Parliament.

    " (10) A further contribution under section 10 of the Act of £250 is due for any child where - 


(a) the commencement date (for child benefit: see paragraph (8)) in relation to that child is after 5th April 2005, and

(b) income support or income-based jobseeker's allowance was paid for that commencement date to a person whose applicable amount included an amount in respect of the child.



    (11) On receipt of the further contribution from the Inland Revenue the account provider must credit the account held by the child with the amount of the payment.".

     4. In regulation 22(2) (recoupment of Inland Revenue contributions to void accounts) - 

(a) after sub-paragraph (b) insert - 


     " or

(c) the requirements of regulation 7(10) were satisfied in relation to a child, but it has subsequently been determined that payment of the relevant benefit mentioned in that provision should not have been made, or that the applicable amount should not have included an amount in respect of that child,";



(b) in the words after sub-paragraph (c) (as so inserted), after "supplementary contribution" insert ", or further contribution, as the case may be,".

     5. In regulation 30(6) (fortnightly claim and financial returns) omit "and" which follows sub-paragraph (a) and at the end of the paragraph add - 

     " ; and

(c) where the Inland Revenue have informed the account provider that paragraph (10) of regulation 7 applies to the named child, a claim for the further contribution due to the account in accordance with that paragraph.".

Two of the Lords Commissioners of Her Majesty's Treasury

2005

[2] S.I. 2004/1450; relevantly amended by S.I. 2004/2676.back

[3] Regulation 7(9) was added by regulation 5 of S.I. 2004/2676.back