- Latest available (Revised)
- Original (As made)
The Individual Savings Account Regulations 1998
You are here:
- UK Statutory Instruments
- 1998 No. 1870
- Regulation 10A
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
More Resources
Changes to legislation:
There are currently no known outstanding effects for the The Individual Savings Account Regulations 1998, Section 10A.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
[F1Lifetime ISA qualifying individuals who may invest under a Lifetime ISAU.K.
10A.—(1) This regulation specifies the description of individual (“Lifetime ISA qualifying individual”) who may invest under a Lifetime ISA.
(2) A Lifetime ISA qualifying individual to whom paragraph (1) refers is an individual who—
(a)is 18 years of age or over;
(b)in relation to a current year payment is under 50 years of age;
(c)in relation to a current year payment or a payment under paragraph (4)(c), has not made, and will not make, any such payment to any other Lifetime ISA in the year in which the payment is made;
(d)has not exceeded the overall subscription limit in regulation 4ZA(1) in that year;
(e)has not exceeded the overall Lifetime ISA payment limit in regulation 4ZA(1A) in that year; and
(f)in relation to a current year payment or a payment under paragraph (4)(c), is resident in the United Kingdom or, if not so resident—
(i)is a person who has general earnings from overseas Crown employment subject to United Kingdom tax within the meaning given by section 28 of ITEPA 2003, or
(ii)is married to or in a civil partnership with a person mentioned in paragraph (i).
(3) Subject to paragraph (4), the following are current year payments—
(a)a subscription of money;
(b)a subscription of shares to which regulation 7(2)(h) applies;
(c)a subscription to which regulation 5D applies;
(d)an additional permitted subscription in accordance with regulation 5DDA;
(e)a replacement subscription in accordance with regulation 5DDB;
(f)an additional permitted subscription on closure of a Help to Buy ISA in accordance with regulation 5DDC; and
(g)a transfer of qualifying investments for a Lifetime ISA component from an account which is not a Lifetime ISA.
(4) The following are not current year payments—
(a)a defaulted Lifetime ISA subscription under regulation 5D(2)(a)(ia);
(b)a returned withdrawal under regulation 5D(2)(a)(ib); F2...
F3(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
Textual Amendments
F1Reg. 10A inserted (6.4.2017) by The Individual Savings Account (Amendment No. 2) Regulations 2017 (S.I. 2017/466), regs. 1, 21
F2Word in reg. 10A(4) omitted (6.4.2024) by virtue of The Individual Savings Account (Amendment) Regulations 2024 (S.I. 2024/350), regs. 1, 18(a)
F3Reg. 10A(4)(c) omitted (6.4.2024) by virtue of The Individual Savings Account (Amendment) Regulations 2024 (S.I. 2024/350), regs. 1, 18(b)
Options/Help
Print Options
PrintThe Whole Instrument
PrintThis Section only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.