The Individual Savings Account Regulations 1998

Qualifying individuals who may invest under an account [F1that is not a junior ISA account] [F2nor a Lifetime ISA] U.K.

10.—[F3(1) This regulation specifies the description of individual (“qualifying individual”) who may invest under an account that is not a junior ISA account [F4nor a Lifetime ISA].]

(2) A qualifying individual to whom paragraph (1) refers is an individual—

[F5(a)[F6who is 18 years of age or over;]

F7(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F8(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F9(cza). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(ca)who has not exceeded the F10... overall subscription limit in [F11regulation 4ZA(1)]F10... in that year;]

(d)(i)who is resident F12... in the United Kingdom, or

[F13(ii)who, though not resident in the United Kingdom, has general earnings from overseas Crown employment subject to United Kingdom tax within the meaning given by section 28 of ITEPA 2003,] [F14or

(iii)who, though not resident in the United Kingdom, is married to [F15or in a civil partnership with] a person mentioned in paragraph (ii)][F16; or]

[F17(iv)who, where the terms and conditions of an account allow for it, though not resident in the United Kingdom, makes a subscription to the account in accordance with regulation 5D.]

F18(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F5Reg. 10(2)(a)-(ca) substituted for reg. 10(2)(a)-(c) (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2007 (S.I. 2007/2119), regs. 1, 14

F12Words in reg. 10(2)(d)(i) omitted (6.4.2013) by virtue of The Income Tax (Removal of Ordinary Residence) Regulations 2013 (S.I. 2013/605), regs. 1, 4(3) (with reg. 2(a))

F14Reg. 10(2)(d)(iii) and preceding word added (6.4.2001) by The Individual Savings Account (Amendment) Regulations 2001 (S.I. 2001/908), regs. 1, 5(b)