# The Individual Savings Account (Amendment) Regulations 2012, Note: 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/note (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2012/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.