Child Trust Fund: Mental Capacity
(asked on 27th April 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many Child Trust Fund accounts have been locked because the account holder lacks mental capacity; and how much is contained in these funds.
This question was answered on 3rd May 2023
HMRC does not have records of Child Trust Fund (CTF) accounts that cannot be accessed because the account holder lacks mental capacity
When the CTF account holder does not have the mental capacity to provide instructions to the account manager, the Mental Capacity Act 2005 and its equivalents in Scotland and Northern Ireland makes provision for another person to provide instructions on their behalf.
HMRC does not have records of Child Trust Fund (CTF) accounts that cannot be accessed because the account holder lacks mental capacity
When the CTF account holder does not have the mental capacity to provide instructions to the account manager, the Mental Capacity Act 2005 and its equivalents in Scotland and Northern Ireland makes provision for another person to provide instructions on their behalf.