Regulation 5D Subscriptions disregarded for the purposes of the subscription limits in regulations 4ZA(1) and 4ZBF1F15
United Kingdom
A subscription to an account made in accordance with this regulation must be disregarded for the purposes of the subscription limits in regulations F24ZA(1) (subscriptions to an account other than a junior ISA account) and 4ZB (subscriptions to a junior ISA account).
A subscription to an account held by an account investor is made in accordance with this regulation if—
the subscription is—
a defaulted cash account subscription;
a defaulted Lifetime ISA subscription;
a returned withdrawal from a Lifetime ISA following failure of a purchase to complete under paragraph 10(1) of the Schedule;
a repayment of a withdrawal charge under paragraph 10A of the Schedule;
a defaulted investment subscription; F5...
a replacement subscription;
permitted in accordance with regulation 5DE; F7...
permitted in accordance with regulation 5DDC; and
in a case within sub-paragraph (a)(iv)—
the account manager of the account to which the subscription is made is provided with the declarations required by regulation 5DFA as relevant to the subscription;
the notices specified in regulation 5DFB(1) and (3) are given, as relevant to the subscription; and
the information and declarations required by regulation 5DFC(2) are
providedF13; and
in a case within paragraph (2)(a)(ib) the account manager of the Lifetime ISA to which the subscription is made is provided with the information specified in paragraph 9(3)(b) of the Schedule.
A subscription to an account held by an account investor is made in accordance with this regulation if it comprises a transfer provided for by regulation 20A of the Child Trust Funds Regulations 2004.
Annotations
Textual amendments
- F1
Regs. 5D-5DM inserted (8.8.2012) by The Individual Savings Account (Amendment) (No. 2) Regulations 2012 (S.I. 2012/1871), regs. 1, 11
- F2
Word in reg. 5D(1) substituted (6.4.2017) by The Individual Savings Account (Amendment No. 2) Regulations 2017 (S.I. 2017/466), regs. 1, 10(a)
- F3
Reg. 5D(2)(a)(ia)(ib) inserted (6.4.2017) by The Individual Savings Account (Amendment No. 2) Regulations 2017 (S.I. 2017/466), regs. 1, 10(b)
- F4
Reg. 5D(2)(a)(ic) inserted (29.10.2026) by The Individual Savings Account (Amendment) (No. 3) Regulations 2026 (S.I. 2026/1130), regs. 1(2), 3 (with reg. 1(3))
- F5
Word in reg. 5D(2)(a)(ii) omitted (6.4.2015) by virtue of The Individual Savings Account (Amendment No. 2) Regulations 2015 (S.I. 2015/869), regs. 1, 6(a)
- F6
Reg. 5D(2)(a)(iia) inserted (with effect in accordance with reg. 1 of the amending S.I.) by The Individual Savings Account (Amendment) Regulations 2016 (S.I. 2016/16), regs. 1, 7(a)
- F7
Word in reg. 5D(2)(a)(iii) omitted (1.2.2016) by virtue of The Individual Savings Account (Amendment) Regulations 2016 (S.I. 2016/16), regs. 1, 7(b)
- F8
Reg. 5D(2)(a)(iv) inserted (6.4.2015) by The Individual Savings Account (Amendment No. 2) Regulations 2015 (S.I. 2015/869), regs. 1, 6(c)
- F9
Word in reg. 5D(2)(a)(iv) substituted (1.2.2016) by The Individual Savings Account (Amendment) Regulations 2016 (S.I. 2016/16), regs. 1, 7(c)
- F10
Reg. 5D(2)(a)(v) inserted (1.2.2016) by The Individual Savings Account (Amendment) Regulations 2016 (S.I. 2016/16), regs. 1, 7(d)
- F11
Punctuation in reg. 5D(2)(b) substituted (6.4.2015) by The Individual Savings Account (Amendment No. 2) Regulations 2015 (S.I. 2015/869), regs. 1, 6(d)
- F12
Reg. 5D(2)(c) and preceding word inserted (6.4.2015) by The Individual Savings Account (Amendment No. 2) Regulations 2015 (S.I. 2015/869), regs. 1, 6(d)
- F13
Reg. 5D(2)(d) and preceding word inserted (6.4.2017) by The Individual Savings Account (Amendment No. 2) Regulations 2017 (S.I. 2017/466), regs. 1, 10(c)
- F14
Reg. 5D(3) inserted (6.4.2015) by The Individual Savings Account (Amendment No. 3) Regulations 2015 (S.I. 2015/941), regs. 1, 3
- F15
Word in reg. 5D heading substituted (6.4.2017) by The Individual Savings Account (Amendment No. 2) Regulations 2017 (S.I. 2017/466), regs. 1, 10(a)