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Budget Report, economy uk, budget economic, Treasury, Corporate Tax, Pensions, reform, R&D, Research and Development - ukbudget.com
 

Child Trust Fund: Voucher Requirement

Parents are provided with a voucher in order to open a Child Trust Fund account.  The voucher must be provided to the account provider or distributor not later than 7 days after the expiry date on the voucher.

With effect from 6 April 2009, there will be no requirement for the voucher to be physically collected by providers or distributors; information shown on the voucher can instead be provided to them.

Our view
This change simplifies the process, allowing internet and telephone applications.