# The Individual Savings Account (Amendment) Regulations 2011, Regulation 4: Amendments to the Individual Savings Account Regulations 1998


For regulations 4(2) and (3) (general conditions for accounts and subscriptions to accounts) substitute—
“(2) The overall subscription limit for any qualifying individual for any year (that is the aggregate of the qualifying individual’s subscriptions to all accounts in that year) is—
(a) where the qualifying individual is 16 years of age or over but less than 18 years of age at the end of the year, £5,340; and
(b) in all other cases, £10,680, but subject to paragraph (3).
(3) Where the qualifying individual is 18 years of age or over at the end of the year, the qualifying individual may only invest up to 50 per cent of the overall subscription limit specified in paragraph (2)(b) in any year to a cash account.”.

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Source: https://www.legislation.gov.uk/uksi/2011/782/regulation/4 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2011/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.