# The Individual Savings Account (Amendment) Regulations 2012

S.I. 2012/705 · made 6 March 2012

These Regulations, which come into force on 6th April 2012, amend the Individual Savings Account Regulations 1998 (S.I. 1998/1870) (“the ISA Regulations”) by increasing the overall subscription limit for ISA accounts other than a junior ISA.

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

PDFs: Printed copy https://openlegislation.uk/individual-savings-account-amendment-regulations-2012/pdf/uksi_20120705_en.pdf; Explanatory Memorandum https://openlegislation.uk/individual-savings-account-amendment-regulations-2012/pdf/uksiem_20120705_en.pdf

## Introductory text

Income Tax
Capital Gains Tax
Made 6th March 2012
Laid before the House of Commons 7th March 2012
Coming into force 6th April 2012
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:

## 1 Citation and commencement

These Regulations may be cited as the Individual Savings Account (Amendment) Regulations 2012 and shall come into force on 6th April 2012.

## 2 Amendments to the Individual Savings Account Regulations 1998

Regulation 4ZA of the Individual Savings Account Regulations 1998 (subscriptions to an account other than a junior ISA account) is amended as follows—
(a) in paragraph (1)(a), for “£5,340” substitute “£5,640”; and
(b) in paragraph (1)(b), for “£10,680” substitute “£11,280”.

## Signature

James Duddridge
Jeremy Wright
Two of the Lords Treasury Commissioners of Her Majesty’s Treasury
6th March 2012

## Explanatory note

(This note is not part of the Regulations)
These Regulations, which come into force on 6th April 2012, amend the Individual Savings Account Regulations 1998 (S.I. 1998/1870) (“the ISA Regulations”) by increasing the overall subscription limit for ISA accounts other than a junior ISA.
Regulation 2(a) increases the subscription limit in regulation 4ZA(1)(a) of the ISA Regulations from £5,340 to £5,640 for qualifying individuals aged 16 or over but less than 18.
Regulation 2(b) increases the subscription limit in regulation 4ZA(1)(b) of the ISA Regulations from £10,680 to £11,280 for all other qualifying individuals.
In line with government commitments, a Tax Information and Impact Note has not been prepared for this instrument as it gives effect to policy previously announced on 18 October 2011, which is available on the HMRC website at http://www.hm-treasury.gov.uk/press_115_11.htm.

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Source: https://www.legislation.gov.uk/uksi/2012/705 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2012
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.