# The Individual Savings Account (Amendment) Regulations 2013

S.I. 2013/267 · made 12 February 2013

These Regulations, which come into force on 6 April 2013, amend the Individual Savings Account Regulations 1998 (“the ISA Regulations”) by increasing the overall annual subscription limits for ISA accounts, including junior ISA accounts.

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-2013/pdf/uksi_20130267_en.pdf; Explanatory Memorandum https://openlegislation.uk/individual-savings-account-amendment-regulations-2013/pdf/uksiem_20130267_en.pdf

## Introductory text

Income Tax
Capital Gains Tax
Made 12th February 2013
Laid before the House of Commons 13th February 2013
Coming into force 6th April 2013
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 2013 and come into force on 6 April 2013.

## 2 Amendment of the Individual Savings Account Regulations 1998

(1) The Individual Savings Account Regulations 1998 are amended as follows.
(2) In regulation 4ZA of those Regulations (subscriptions to an account other than a junior ISA account)—
(a) in paragraph (1)(a), for “£5,640” substitute “£5,760”; and
(b) in paragraph (1)(b), for “£11,280” substitute “£11,520”.
(3) In regulation 4ZB(1) of those Regulations (subscriptions to a junior ISA account) for “£3,600” substitute “£3,720”.

## Signature

Desmond Swayne
Robert Goodwill
Two of the Lords Commissioners of Her Majesty’s Treasury
12th February 2013

## Explanatory note

(This note is not part of the Regulations)
These Regulations, which come into force on 6 April 2013, amend the Individual Savings Account Regulations 1998 (“the ISA Regulations”) by increasing the overall annual subscription limits for ISA accounts, including junior ISA accounts.
Regulation 2(2)(a) increases the overall annual subscription limit in regulation 4ZA(1)(a) of the ISA Regulations from £5,640 to £5,760 for ISA accounts held by qualifying individuals aged 16 or over but less than 18.
Regulation 2(2)(b) increases the overall annual subscription limit in regulation 4ZA(1)(b) of the ISA Regulations from £11,280 to £11,520 for ISA accounts held by all other qualifying individuals.
Regulation 2(3) increases the overall annual subscription limit in regulation 4ZB(1) of the ISA Regulations from £3,600 to £3,720 for a junior ISA account.
A Tax Information and Impact Notice has not been prepared for this instrument as it gives effect to previously announced policy and relates to routine changes to allowances to a predetermined formulae.

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Source: https://www.legislation.gov.uk/uksi/2013/267 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2013
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.