9 Supplementary contribution by Inland Revenue
Child Trust Funds Act 2004 (2004 c 6) | Legislation

9  Supplementary contribution by Inland Revenue

(1)     If this section applies to a child the Inland Revenue must inform the account provider with whom a child trust fund is held by the child that this section applies to the child.

(2)     If the account provider makes a claim to the Inland Revenue in accordance with regulations, the Inland Revenue must pay to the account provider such amount as is prescribed by regulations.

(3)     On receipt of the payment the account provider must credit the child trust fund with the amount of the payment.

(4)     This section applies to a child if—

(a)     a child trust fund is held by the child,

(b)     the child was first an eligible child by virtue of section 2(1)(a), and

(c)     the condition in subsection (5) is satisfied in relation to the child.

(5)     That condition is that it has been determined in accordance with the provision

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