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The Individual Savings Account Regulations 1998

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The Individual Savings Account Regulations 1998 is up to date with all changes known to be in force on or before 04 August 2025. There are changes that may be brought into force at a future date. Help about Changes to Legislation

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You searched for provisions that are applicable to England. The matching provisions are highlighted below. Where no highlighting is shown the matching result may be contained within a footnote.

  1. Introductory TextNext Match

  2. 1.Citation and commencementPrevious MatchNext Match

  3. 2.InterpretationPrevious MatchNext Match

  4. 2A.Meaning of account investorPrevious MatchNext Match

  5. 2B.Meaning of junior ISA accountPrevious MatchNext Match

  6. 2C.Meaning of “registered contact” etc.Previous MatchNext Match

  7. 2D.Regulations that do not apply to junior ISA accountsPrevious MatchNext Match

  8. 2E.Contracts entered into by or on behalf of a child who is 16 or overPrevious MatchNext Match

  9. 2F.Special provision in respect of Looked After ChildrenPrevious MatchNext Match

  10. 2G.Continuing account of a deceased investor and administration-period investmentsPrevious MatchNext Match

  11. 3.IntroductoryPrevious MatchNext Match

  12. 4.General conditions for accounts and subscriptions to accountsPrevious MatchNext Match

  13. 4ZA.Subscriptions to an account other than a junior ISA accountPrevious MatchNext Match

  14. 4ZB.Subscriptions to a junior ISA accountPrevious MatchNext Match

  15. 4ZC.Inalienability of a junior ISA accountPrevious MatchNext Match

  16. 4ZD.Permitted withdrawals from a junior ISA accountPrevious MatchNext Match

  17. 4ZE.Permitted withdrawals from a junior ISA account where the named child is terminally illPrevious MatchNext Match

  18. 4A.Repair of certain incompatible account and excess subscriptions - accounts other than junior ISA accountsPrevious MatchNext Match

  19. 4AA.Application of the repair provisions to Lifetime ISAsPrevious MatchNext Match

  20. 4B.Closure of cash account that is not a junior ISA account prior to the opening of the same type of account to be disregarded oncePrevious MatchNext Match

  21. 4C.Removal of insurance components at 6th April 2005Previous MatchNext Match

  22. 4D.Removal of maxi-accounts, mini-accounts and TESSA only accounts at 6th April 2008Previous MatchNext Match

  23. 5A.Treatment of sums held in accounts managed by Icesave BankPrevious MatchNext Match

  24. 5B.Treatment of certain sums held in accounts managed by Keydata Investment Services LimitedPrevious MatchNext Match

  25. 5C.Treatment of certain sums held in dormant accountsPrevious MatchNext Match

  26. 5D.Subscriptions disregarded for the purposes of the subscription limits in regulations 4ZA(1) and 4ZBPrevious MatchNext Match

  27. 5DZ.Treatment of ISA where funds transferred under regulation 13A of the Child Trust Funds Regulations (maturity of child trust fund - instructions)Previous MatchNext Match

  28. 5DZA.Treatment of ISA where funds transferred under regulation 13B(2)(b) of the Child Trust Funds Regulations (maturity of child trust fund - no instructions)Previous MatchNext Match

  29. 5DA.Defaulted cash account subscriptionPrevious MatchNext Match

  30. 5DAA.Defaulted Lifetime ISA subscriptionPrevious MatchNext Match

  31. 5DB.Defaulted investment subscriptionPrevious MatchNext Match

  32. 5DC.Default event in respect of cash accountPrevious MatchNext Match

  33. 5DD.Defaulted investment paymentPrevious MatchNext Match

  34. 5DDA.Additional permitted subscription to an account other than a junior ISA accountPrevious MatchNext Match

  35. 5DDB.Flexible accountPrevious MatchNext Match

  36. 5DDC.Additional permitted subscription of cash to an account other than a junior ISA on closure of Help to Buy ISAPrevious MatchNext Match

  37. 5DE.Additional permitted subscription to a junior ISA accountPrevious MatchNext Match

  38. 5DF.Information required by regulation 5DPrevious MatchNext Match

  39. 5DFA.Declarations required by regulation 5DPrevious MatchNext Match

  40. 5DFB.Notices required by regulation 5DPrevious MatchNext Match

  41. 5DFC.(1) Where the deceased’s account manager receives a request from...Previous MatchNext Match

  42. 5DFD.—Regulation 12(7) to (11), (12) and (13) applies in relation...Previous MatchNext Match

  43. 5DG.Single regulation 5D subscriptionPrevious MatchNext Match

  44. 5DH.Default event or default investment payment occurring in the period beginning on 6th April 2011 and ending on 7th August 2012Previous MatchNext Match

  45. 5DI.Special provision in respect of Lehman Brothers investments and Keydata investmentsPrevious MatchNext Match

  46. 5DJ.Special application of regulations 5DB, 5DD, 5DF and 5DH in respect of a Lehman Brothers investmentPrevious MatchNext Match

  47. 5DK.Deemed defaulted investment payment in respect of a Lehman Brothers investmentPrevious MatchNext Match

  48. 5DL.Specified amount for the purposes of a defaulted investment subscription in respect of a Lehman Brothers investmentPrevious MatchNext Match

  49. 5DM.Special application of regulations 5DJ to 5DL in respect of a Keydata investmentPrevious MatchNext Match

  50. 5E.Subscriptions made by account investors issued with certificates by Royal Bank of Scotland Group disregarded for the purposes of regulations 4ZA and 31(3)(c)(ii)Previous MatchNext Match

  51. 5.Transfers from matured tax-exempt special savings accountsPrevious MatchNext Match

  52. 6.General investment rulesPrevious MatchNext Match

  53. 7.Qualifying investments for a stocks and shares componentPrevious MatchNext Match

  54. 8.Qualifying investments for a cash componentPrevious MatchNext Match

  55. 8ZA.Qualifying investments for a Lifetime ISA componentPrevious MatchNext Match

  56. 8A.Qualifying investments for an innovative finance componentPrevious MatchNext Match

  57. 9.Insurance policiesPrevious MatchNext Match

  58. 10.Qualifying individuals who may invest under an account that is not a junior ISA account nor a Lifetime ISAPrevious MatchNext Match

  59. 10A.Lifetime ISA qualifying individuals who may invest under a Lifetime ISAPrevious MatchNext Match

  60. 11.Account investor ceasing to qualifyPrevious MatchNext Match

  61. 12.Conditions for application to open an account that is not a junior ISA account or a Lifetime ISAPrevious MatchNext Match

  62. 12A.Conditions for application to open an account that is a junior ISA accountPrevious MatchNext Match

  63. 12B.Conditions for application to open an account that is a Lifetime ISAPrevious MatchNext Match

  64. 13.Application by curator bonisPrevious MatchNext Match

  65. 14.Account manager—qualifications and Board’s approvalPrevious MatchNext Match

  66. 15.Special requirements relating to insurer-managersPrevious MatchNext Match

  67. 16.Account manager—appointment of tax representativePrevious MatchNext Match

  68. 17.Account manager—withdrawal by Board of approvalPrevious MatchNext Match

  69. 17A.Account manager – withdrawal by Board of approval of junior ISA managerPrevious MatchNext Match

  70. 18.Account manager—appeal against withdrawal of Board’s approvalPrevious MatchNext Match

  71. 19.Account manager’s intention to make a bulk transfer of accounts or to cease to act as an account managerPrevious MatchNext Match

  72. 20.Account manager ceasing to qualifyPrevious MatchNext Match

  73. 21.Transfers relating accounts other than junior ISA accountsPrevious MatchNext Match

  74. 21A.Further requirements relating to transfers between cash accountsPrevious MatchNext Match

  75. 21B.Transfers relating to junior ISA accountsPrevious MatchNext Match

  76. 21C.Repair of invalid junior ISA accountsPrevious MatchNext Match

  77. 22.Exemption from tax of account income and gainsPrevious MatchNext Match

  78. 23.Interest on cash deposits held under a stocks and shares component of an account that is not a junior ISA accountPrevious MatchNext Match

  79. 24.Tax liabilities and reliefs—account manager to act on behalf of account investorPrevious MatchNext Match

  80. 25.Repayments in respect of tax to account manager—interim claimsPrevious MatchNext Match

  81. 26.Repayments in respect of tax to account manager—annual returns and annual claimsPrevious MatchNext Match

  82. 27.Account manager’s returns and claims—supplementary provisionsPrevious MatchNext Match

  83. 28.Assessments for withdrawing relief and recovering taxPrevious MatchNext Match

  84. 29.Records to be kept by account managerPrevious MatchNext Match

  85. 30.Information to be given to account investor by account manager in relation to an account that is not a junior ISA accountPrevious MatchNext Match

  86. 31.Returns of information by account managerPrevious MatchNext Match

  87. 32.Information to be provided to the BoardPrevious MatchNext Match

  88. 33.Inspection of records by officer of the BoardPrevious MatchNext Match

  89. 34.Capital gains tax—adaptation of enactmentsPrevious MatchNext Match

  90. 34A.Capital gains tax–administration-period investmentPrevious MatchNext Match

  91. 35.Administration of tax in relation to accounts—supplementaryPrevious MatchNext Match

  92. 36.Application of the provisions of Chapter II of Part XIII of the Taxes Act and of Chapter 9 of Part 4 of ITTOIA 2005 to policies where an investor ceases to be or was not entitled to relief from taxPrevious MatchNext Match

  93. 37.The Schedule makes further provision for Lifetime ISA. Previous MatchNext Match

  94. SignaturePrevious MatchNext Match

    1. SCHEDULEPrevious MatchNext Match

      LIFETIME ISA FURTHER PROVISIONPrevious MatchNext Match

      1. 1.InterpretationPrevious MatchNext Match

      2. 2.Government bonus claimPrevious MatchNext Match

      3. 3.Rejection of government bonus claimPrevious MatchNext Match

      4. 4.Specified age; terminal illness; transfer to another Lifetime ISA-no withdrawal chargePrevious MatchNext Match

      5. 5.Specified percentage for withdrawal chargePrevious MatchNext Match

      6. 5A.Notwithstanding paragraph 5, the specified percentage in respect of the...Previous MatchNext Match

      7. 6.First-time residential purchasePrevious MatchNext Match

      8. 7.Definitions for the purposes of paragraph 6Previous MatchNext Match

      9. 8.Specified information for the purposes of paragraph 6Previous MatchNext Match

      10. 9.Information from conveyancerPrevious MatchNext Match

      11. 10.Purchase failurePrevious MatchNext Match

      12. 11.Amounts not treated as withdrawalsPrevious MatchNext Match

      13. 12.Recoupment of government bonus paymentPrevious MatchNext Match

      14. 13.Withdrawals: information returnsPrevious MatchNext Match

      15. 14.Payment to the Board of withdrawal chargesPrevious MatchNext Match

      16. 15.Payments and InterestPrevious MatchNext Match

      17. 16.AppealsPrevious MatchNext Match

      18. 17.Information to be given by account manager to account investorPrevious MatchNext Match

      19. 18.ExtensionsPrevious MatchNext Match

  96. Explanatory NotePrevious Match

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