The Individual Savings Account (Amendment) Regulations 2017
These Regulations amend the Individual Savings Account Regulations 1998 (S.I.1998/1870) (“the ISA Regulations”). They provide for the annual limit on subscriptions to an ISA account, other than a junior ISA account, to be increased from £15,240 to £20,000 and to a junior ISA account to be increased from £4,080 to £4,128 (regulations 5 and 6). They make minor changes as a result of changes to other legislation referred to in the ISA Regulations. Regulation 8 corrects a numbering error.
Lifecycle
Department
Made
21 Feb 2017
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In force
06 Apr 2017
Enabling power
The Treasury make these Regulations in exercise of the powers in section 151 of the Taxation of Chargeable Gains Act 1992and sections 694 and 695 to 699 and 701 of the Income Tax (Trading and Other Income) Act 2005.
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