uksi/2019/382 — The Individual Savings Account (Amendment) Regulations 2019

2019 No. 382 Income Tax Capital Gains Tax The Individual Savings Account (Amendment) Regulations 2019 Made 26th February 2019 Laid before the House of Commons 28th February 2019 Coming into force 6th April 2019 The Treasury, in exercise of the powers conferred by section 151(1) and (2) of the Taxation of Chargeable Gains Act 1992 and section 694(1) and (3) of the Income Tax (Trading and Other Income) Act 2005 , makes the following Regulations. Citation and commencement 1 These Regulations may be cited as the Individual Savings Account (Amendment) Regulations 2019 and come into force on 6th April 2019. Amendment of the Individual Savings Account Regulations 1998 2 The Individual Savings Account Regulations 1998 are amended as follows. 3 In regulation 4ZB(1) (subscriptions to a junior ISA account) for “£4,260” substitute “£4,368”. Mike Freer Craig Whittaker Two of the Lord Commissioners of Her Majesty’s Treasury 26th February 2019 EXPLANATORY NOTE (This note is not part of the Regulations) These Regulations amend the Individual Savings Account Regulation 1998 ( S.I. 1998/1870 ). They provide for the annual limit on subscriptions to a junior ISA account to be increased from £4,260 to £4,368 (regulation 3). A Tax Information and Impact Note will be published on the HM Government website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins .