In certain circumstances, contributions made to a child trust fund account by HMRC must be repaid. This occurs where the account is treated as void, or where excess HMRC contributions have been paid.
There are two cases in which the account is treated as void. The first1 is where the child has never been an eligible child (see E3.502). The second2 is where the regulations have been breached because the child has held more than one account; any second or further
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:43