# The Individual Savings Account (Amendment) Regulations 2024, Regulation 25: Amendment of the Schedule


In the Schedule (Lifetime ISA further provision)—
(a) in paragraph 1 (interpretation)—
(i) in sub-paragraph (1)—
(aa) for the definition of “claim period” substitute—
““claim period” means—
(a) a period beginning with the 6th day of a month and ending with the 5th day of the following month, or
(b) such period as may be specified from time to time under paragraph 2(1);”;
(bb) in the definition of “qualifying addition” omit “or a payment under regulation 10A(4)(c)”;
(ii) omit sub-paragraphs (2), (3) and (4);
(b) in paragraph 2 (government bonus claim) omit sub-paragraph (11);
(c) in paragraph 7 (definitions for the purposes of paragraph 6), after the definition of “a legal interest in land” insert—
““loan” does not include a loan made by a person who is connected to the account investor, and for this purpose “connected” has the meaning given by section 993 of ITA 2007;”;
(d) in paragraph 13 (withdrawals: information returns) omit sub-paragraph (5).

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Source: https://www.legislation.gov.uk/uksi/2024/350/regulation/25 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2024/regulation-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.