I've been trawling through the guidance notes on the draft statutory instrument here on the reduction in Child Trust Fund vouchers for something I'm doing at work and it looks to me as though they are going to reduce the vouchers to £50 not just for children born after 1 August, but for children for whom Child Benefit begins to be paid after 1 August.
Now my DD is 10.5 so I can't remember how long it took to get a CB claim set up, but I'm pretty certain it wasn't immediate. So does that mean all the people due around now who thought they were going to get £250 are sadly mistaken? Or is the key in the wording being for whom, not to whom? i.e. is it backdated to birth?
There's another document here that seems to state children born before 2 August have until 1 November to get their CB claim in and get the higher amount.
My brain hurts! Anyone else been looking into this?