uksi/2015/608 — The Individual Savings Account (Amendment) Regulations 2015

2015 No. 608 Income Tax Capital Gains Tax The Individual Savings Account (Amendment) Regulations 2015 Made 9th March 2015 Laid before the House of Commons 10th March 2015 Coming into force 6th April 2015 The Treasury, in exercise of the powers conferred by section 694 of the Income Tax (Trading and Other Income) Act 2005 and section 151 of the Taxation of Chargeable Gains Act 1992 , make the following Regulations: Citation and commencement 1 These Regulations may be cited as the Individual Savings Account (Amendment) Regulations 2015 and come into force on 6th April 2015. Amendment of the Individual Savings Account Regulations 1998 2 The Individual Savings Account Regulations 1998 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 EXPLANATORY NOTE (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.