This account offers a tax-free way for adults to start saving for a child's future. It also allows for a child aged between 16 and 18 years to save tax free for themselves. Money cannot be withdrawn from the account until the child's 18th birthday.
'Registered Contact' means the person who manages the account. All references in the terms and conditions to 'you' or the 'account holder' need to be read to apply to the Registered Contact.