http://www.legislation.gov.uk/uksi/2011/782/contents/made

The Individual Savings Account (Amendment) Regulations 2011

Income tax

Tax

Capital gains tax

en

King's Printer of Acts of Parliament

2015-11-23

INCOME TAX

CAPITAL GAINS TAX

These Regulations amend the Individual Savings Account Regulations 1998 (S.I. 1998/1870) (“the ISA Regulations”) in relation to the overall limits to subscriptions which individuals can make to individual savings accounts (“ISAs”) which they hold in any tax year. The main effect of these Regulations is to increase the ISA subscription limits for the tax year 2011-12 and subsequent tax years. For individuals aged 18 or over at the end of the tax year the annual overall limit is increased to £10,680, of which 50% (£5,340) can be invested in a cash ISA. For individuals aged between 16 and 18, who may only invest in cash ISAs, the overall annual ISA subscription limit is increased to £5,340.