Child Trust Funds Bill
EXPLANATORY NOTES
Explanatory notes to the Bill, prepared by the Inland Revenue, are published
separately as Bill 1—EN.
EUROPEAN CONVENTION ON HUMAN RIGHTS
Mr Chancellor of the Exchequer has made the following statement under
section 19(1)(a) of the Human Rights Act 1998:
In my view the provisions of the Child Trust Funds Bill are compatible with
the Convention rights.
Contents
Introductory
1
Child trust funds
2
Eligible children
3
Requirements to be satisfied
4
Inalienability
5
Opening by responsible person
6
Opening by Inland Revenue
7
Transfers
Contributions and subscriptions
8
Initial contribution by Inland Revenue
9
Supplementary contribution by Inland Revenue
10
Further contributions by Inland Revenue
11
Recouping Inland Revenue contributions
12
Subscription limits
Tax
13
Relief from income tax and capital gains tax
14
Insurance companies and friendly societies
Information etc.
15
Information from account providers etc.
16
Information about children in care of authority
17
Use of information
18
Disclosure of information
Payments after death
19
Payments after death of child
Penalties
20
21
Decisions, appeals, mitigation and recovery
iv
Appeals
22
Rights of appeal
23
Exercise of rights of appeal
24
Temporary modifications
Supplementary
25
Northern Ireland
26
Money
27
Commencement
28
Regulations and orders
29
Interpretation
30
Extent
31
Short title