# The Individual Savings Account (Amendment) Regulations 2015

S.I. 2015/608 · made 9 March 2015

These Regulations amend the Individual Savings Account Regulations 1998 (S.I. 1998/1450) to increase the annual subscription limits to £15,240 and, for a junior ISA, £4,080.

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-2015/pdf/uksi_20150608_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/individual-savings-account-amendment-regulations-2015/pdf/uksiem_20150608_en.pdf

## Introductory text

Income Tax
Capital Gains Tax
Made 9th March 2015
Laid before the House of Commons 10th March 2015
Coming into force 6th April 2015
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 2015 and come into force on 6th April 2015.

## 2 Amendment of the Individual Savings Account Regulations 1998

The Individual Savings Account Regulations 1998 are amended as follows.

## 3 Amendment of the Individual Savings Account Regulations 1998

(1) In regulation 4ZA(1)(subscriptions to an account other than a junior ISA account) for “£15,000” substitute “£15,240”.
(2) In regulation 4ZB(1)(subscriptions to a junior ISA account) for £4,000” substitute “£4,080”.

## Signature

Mark Lancaster
David Evennett
Two of the Lords Commissioners of Her Majesty’s Treasury
9th March 2015

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Individual Savings Account Regulations 1998 (S.I. 1998/1450) to increase the annual subscription limits to £15,240 and, for a junior ISA, £4,080.
A Tax Information and Impact Note has not been prepared for this instrument as it contains no substantive changes to tax policy.

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Source: https://www.legislation.gov.uk/uksi/2015/608 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2015
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.