Clause 8 - Initial contribution by Inland Revenue
Child Trust Funds Bill
2:30 pm
Mr David Amess (Southend West, Conservative)
With this it will be convenient to discuss the following amendments:
No. 165, in
page 4, line 34, at end insert—
'(1A) The amount of the initial contribution prescribed by regulations under subsection (1) shall be—
(a) no lower than £250 for babies born on or after 1st April 2005,
(b) no less than 107 per cent. of the amount determined for the purposes of paragraph (a) for babies born between 1st April 2004 and 31st March 2005,
(c) no less than 114 per cent. of the amount determined for the purposes of paragraph (a) for babies born between 1st April 2003 and 31st March 2004, and
(d) no less than 121 per cent. of the amount determined for the purposes of paragraph (a) for babies born between 1st September 2002 and 31st March 2003.'.
No. 123, in
clause 9, page 5, line 2, leave out 'such amount' and insert
'an amount no less than £250'.
No. 152, in
clause 9, page 6, line 7, at end add—
'(11) The supplementary contribution shall be fixed at an amount of not less than 100 per cent. of the initial contribution amount.'.
No. 127, in
clause 10, page 6, line 14, leave out from 'of' to end of line and insert
'£50, or £100 for a child to whom section 9 applies'.
No. 128, in
clause 10, page 6, line 16, leave out from 'attaining' to end of line and insert 'the age of seven'.
No. 129, in
clause 10, page 6, line 16, leave out from 'attaining' to end of line and insert
'the ages of 5, 11 and 16'.
No. 153, in
clause 10, page 6, line 16, leave out from 'attaining' to end of line 18 and insert
'the ages of 7, 11 and 15, or
(b) one-off payments are to be made to disburse the proceeds from Government asset sales.'.
No. 167, in
clause 10, page 6, line 23, at end add—
'(4) The amounts prescribed by, or determined in accordance with, regulations under subsection (1) shall be fixed at—
(a) no less than £250 for each contribution in respect of a child to whom section 9 does not apply, and
(b) in respect of children to whom section 9 applies, no less than 200 per cent. of the amount of any contribution in respect of a child to whom section 9 does not apply.'.