 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
United Kingdom Statutory Instruments |
||
|
You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Child Trust Funds (Amendment No. 2) Regulations 2020 URL: http://www.bailii.org/uk/legis/num_reg/2020/uksi_2020269_en_1.html |
||
[New search] [Printable PDF version] [Help]
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Statutory Instruments
Child Trust Funds
Made
10th March 2020
Laid before Parliament
12th March 2020
Coming into force
6th April 2020
The Treasury, in exercise of the powers conferred by section 12(2) of the Child Trust Funds Act 2004(1), make the following Regulations.
1. These Regulations may be cited as the Child Trust Funds (Amendment No. 2) Regulations 2020 and come into force on 6th April 2020.
2. The Child Trust Funds Regulations 2004(2) are amended as follows.
3. In regulation 9(2) and (3) (annual limit on subscriptions)(3) for "£4,368" substitute "£9,000".
Iain Stewart
David Rutley
Two of the Lords Commissioners of Her Majesty's Treasury
10th March 2020
(This note is not part of the Regulations)
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 £4,368 to £9,000 (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.