A non-statutory trust account can be used to make advances of credit. This enables a client's premium to be met from the pool of client money held before the client pays the premium to the intermediary and vice versa. A statutory trust account does not permit this use of credit. Another important difference between these two types of trust account is the level of minimum capital resource requirements for the firm. • For a non-statutory trust account, the firm's minimum capital resources requirement is the higher of £50,000 or 5% of relevant annual income. • For a statutory trust account, the firm's minimum capital resource requirement is the higher of £10,000 or 5% of relevant annual income.