Terminally-ill children can access CTF, says Revenue

Under current CTF regulations, money cannot be withdrawn from an account until the child holding the account is 18, unless the child has died or where providers take management charges. Now the Government has decided “it would not be equitable to prevent access to CTF accounts where children are terminally ill” according to Inland Revenue commentaries. Providers of CTF products will not be involved in the claim for early access procedures, except to direct claimants to the CTF office, which will administer their claim. A child’s parents may make the claim or another guardian or ado...