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Paragraph 1 InterpretationF1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In this Schedule—

  • F2“claim period” means—

    1. (a)

      a period beginning with the 6th day of a month and ending with the 5th day of the following month, or

    2. (b)

      such period as may be specified from time to time under paragraph 2(1);

  • “government bonus” is an amount equal to 25% of the aggregate of qualifying additions made to a Lifetime ISA in a relevant period;

  • “qualifying addition” means a current year payment F3... which is made into a Lifetime ISA;

  • “relevant period” means the year 2017-2018 and any subsequent year;

  • “Schedule 1” means Schedule 1 to the Savings (Government Contributions) Act 2017;

  • ”withdrawal charge” has the meaning given in paragraph 9(4) of Schedule 1.

F4(2)

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F5(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F6(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1

Schedule inserted (6.4.2017) by The Individual Savings Account (Amendment No. 2) Regulations 2017 (S.I. 2017/466), regs. 1, 31

F2

Words in Sch. para. 1(1) substituted (6.4.2024) by The Individual Savings Account (Amendment) Regulations 2024 (S.I. 2024/350), regs. 1, 25(a)(i)(aa)

F3

Words in Sch. para. 1(1) omitted (6.4.2024) by virtue of The Individual Savings Account (Amendment) Regulations 2024 (S.I. 2024/350), regs. 1, 25(a)(i)(bb)

F4

Sch. para. 1(2) omitted (6.4.2024) by virtue of The Individual Savings Account (Amendment) Regulations 2024 (S.I. 2024/350), regs. 1, 25(a)(ii)

F5

Sch. para. 1(3) omitted (6.4.2024) by virtue of The Individual Savings Account (Amendment) Regulations 2024 (S.I. 2024/350), regs. 1, 25(a)(ii)

F6

Sch. para. 1(4) omitted (6.4.2024) by virtue of The Individual Savings Account (Amendment) Regulations 2024 (S.I. 2024/350), regs. 1, 25(a)(ii)