The Individual Savings Account (Amendment No. 2) Regulations 2005

These Regulations amend the Individual Savings Account Regulations 1998 (S.I. 1998/1870: “the main Regulations”). The principal effects are (1) to extend the annual subscription limits to 5th April 2010 (2) to apply the “cash like test” in regulation 7(15) to shares and securities and (3) to make small changes to the annual information returns required from account managers.

Author: Joan Ryan and Vernon Coaker, Two of the Lords Commissioners of Her Majesty’s Treasury

Last modified: 2010-07-16