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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Individual Savings Account (Amendment) Regulations 2015 No. 608 URL: http://www.bailii.org/uk/legis/num_reg/2015/uksi_2015608_en_1.html |
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Statutory Instruments
Income Tax
Capital Gains Tax
Made
9th March 2015
Laid before the House of Commons
10th March 2015
Coming into force
6th April 2015
1. These Regulations may be cited as the Individual Savings Account (Amendment) Regulations 2015 and come into force on 6th April 2015.
2. The Individual Savings Account Regulations 1998(3) are amended as follows.
3.-(1) In regulation 4ZA(1)(subscriptions to an account other than a junior ISA account) for "£15,000" substitute "£15,240".
(2) In regulation 4ZB(1)(subscriptions to a junior ISA account) for £4,000" substitute "£4,080".
Mark Lancaster
David Evennett
Two of the Lords Commissioners of Her Majesty's Treasury
9th March 2015
(This note is not part of the Regulations)
These Regulations amend the Individual Savings Account Regulations 1998 (S.I. 1998/1450) to increase the annual subscription limits to £15,240 and, for a junior ISA, £4,080.
A Tax Information and Impact Note has not been prepared for this instrument as it contains no substantive changes to tax policy.
2005 c. 5; section 694 was amended by; the Finance Act 2011 (c. 11), section 40.
1992 c. 12; section 151 was amended by the Finance Act 1993 (c. 34), section 85; the Finance Act 1995 (c. 4), section 64(2); the Income Tax (Taxation of Other Income) Act 2005, Schedule 1, paragraph 436; the Finance Act 2011, section 40(7).
S.I. 1998/1870. Regulations 4ZA and 4ZB were inserted by S.I. 2011/1780 and amended by S.I.2014/1450.