Regulation 7 Amendment of the Individual Savings Account Regulations 1998

(1)

In regulation 4ZE (permitted withdrawals from a junior ISA account where the named child is terminally ill), in paragraph (2)(b) for case 1 substitute—

“Case 1

The named child holding the account:”

(i)

in England and Wales or Scotland, falls within either section 72(5) of the Social Security Contributions and Benefits Act 1992^f1 (special rules for terminally ill person’s entitlement to care component of disability living allowance) or section 82(4) of the Welfare Reform Act 2012^f2 (terminal illness); or

(ii)

in Northern Ireland, falls within section 72(5) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992^f3 (the care component).

(2)

In paragraph (3) after “regulation” omit: “, and shall also notify the account manager”.

(3)

In paragraph (6)—

(a)

after “meaning” insert: “(a) for England and Wales and Scotland”; and

(b)

before the full stop at the end, insert: “or section 82(4) of the Welfare Reform Act 2012 (terminal illness); or (b) for Northern Ireland, section 72(5) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (the care component)”.

Annotations

Footnotes

f1: 1992 c. 4; relevant amendments made by section 67(2) of the the Welfare Reform and Pensions Act 1999 (c. 30) and section 52 of the Welfare Reform Act 2007 (c. 5)
f2: 2012 c. 5
f3: 1992 c. 7; amended by S.I. 1999/3147 and S.R. 1999/494.