Power and duty of maintenance

Subject to the terms of the trust and to any prior interest or charge affecting the trust property, where any property is held by a trustee in trust for any beneficiary for any interest whatsoever– (a) while the beneficiary is a minor, the trustee– (i) may, at his discretion, pay to the parent or guardian of the beneficiary or otherwise apply the whole or part of the income attributable to that interest for or towards the maintenance, education or benefit of the beneficiary; and (ii) shall accumulate the residue of that income as an accretion to the trust property and as one fund with the trust property for all purposes, Provided that the trustee may, while the beneficiary is a minor, apply those accumulations as if they were income of the then current year; and (b) if the beneficiary is no longer a minor and his interest has not yet vested in possession, the trustee shall thenceforth pay the income attributable to the interest to the beneficiary 35 until his interest vests in possession or terminates.