# The Individual Savings Account (Amendment No. 2) Regulations 2020

S.I. 2020/261 · made 10 March 2020

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 £4,368 to £9,000 (regulation 3).

Made under: Taxation of Chargeable Gains Act 1992 (Section 151); Income Tax (Trading and Other Income) Act 2005 (Section 694)

PDFs: Printed copy https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2020/pdf/uksi_20200261_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2020/pdf/uksiem_20200261_en.pdf

## Introductory text

Income Tax
Capital Gains Tax
Made 10th March 2020
Laid before House of Commons 12th March 2020
Coming into force 6th April 2020
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, make the following Regulations.

## 1 Citation and commencement

These Regulations may be cited as the Individual Savings Account (Amendment No. 2) Regulations 2020 and come into force on 6th April 2020.

## 2 Amendment of the Individual Savings Account Regulations 1998

The Individual Savings Account Regulations 1998 are amended as follows.

## 3 Amendment of the Individual Savings Account Regulations 1998

In regulation 4ZB(1) (subscriptions to a junior ISA account) for “£4,368” substitute “£9,000”.

## Signature

Iain Stewart
David Rutley
Two of the Lord Commissioners of Her Majesty’s Treasury
10th March 2020

## Explanatory note

(This note is not part of the Regulations)
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 £4,368 to £9,000 (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.

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Source: https://www.legislation.gov.uk/uksi/2020/261 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2020
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.