The Individual Savings Account (Amendment) Regulations 2018
These Regulations amend the Individual Savings Account Regulations 1998 (S.I.1998/1870). They provide for the annual limit on subscriptions to a junior ISA account to be increased from £4,128 to £4,260 (regulation 4). They provide for amendments to requirements relating to returns of information by an account manager (regulations 3 and 5), an extension of time for the payment by an account manager of a withdrawal charge (regulation 6(a)) and for the manner of payments to be made to the Board (regulation 6(b)).
Lifecycle
Department
Made
12 Mar 2018
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In force
06 Apr 2018
Enabling power
The Treasury make these Regulations in exercise of the powers in section 151 of the Taxation of Chargeable Gains Act 1992, sections 694, 695 to 696 and 701 of the Income Tax (Trading and Other Income) Act 2005and sections 1(2) and 4(3) and (6) of, and paragraph 2(2) of Schedule 1 to, the Savings (Government Contributions) Act 2017.
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