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S T A T U T O R I N S T R U M E N T S2004 No. 1450 CHILD TRUST FUNDS The Child Trust Funds Regulations 2004 Made 27th May 2004Laid before Parliament27th May 2004Coming into force in accordance with
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Child trust funds are tax-advantaged savings accounts for children under the age of 18 in the UK.
Parents or legal guardians are required to open and manage child trust funds.
Child trust funds can be opened through a financial institution or directly through the government in the UK.
The purpose of child trust funds is to provide a savings vehicle for children to access when they turn 18.
Information such as contributions, withdrawals, and any changes to the account must be reported on child trust funds.
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