Print Options
PrintThe Whole
Instrument
PrintThis
Section
only
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Amendment of the Individual Savings Account Regulations 1998
This section has no associated Explanatory Memorandum
10. In regulation 7(16)—
(a)in sub-paragraph (a) add at the end “, and in the case of a policy of life insurance, under whose terms some or all of the benefits are determined by reference to fluctuations in, or in an index of, the value of any property of any description (whether or not specified in the policy or contract), that property or that index”;
(b)in sub-paragraph (b) after “paid” insert—
“or payable include premiums paid or payable under a policy of life insurance, and”;
(c)in sub-paragraph (c) add at the end “and, in the case of a policy of life insurance, omitting any benefits payable in the event of the death of the account investor”.
Back to top