The Individual Savings Account (Amendment) Regulations 2001
Income tax
Tax
King's Printer of Acts of Parliament
2016-01-19
INCOME TAX
These Regulations, which come into force on 6th April 2001, amend the Individual Savings Account Regulations 1998 (S.I. 1998/1870, amended by S.I. 1998/3174, 2000/809, 2079, 3112). The principal effects of the amendments are (1) to allow individuals who are aged between 16 and 18 years to invest in the cash component of a maxi-ISA, or a cash mini-ISA (2) to provide that the “settlements legislation” (section 660B of the Income and Corporation Taxes Act 1988 (1988 c. 1)) may apply to the ISAs of unmarried children under 18 years (3) to allow the spouses of Crown servants serving overseas to open ISAs and (4) to allow applications to subscribe to an ISA (or the declarations by the account manager supplementing those applications) to be made by fax, or by electronic communications containing an electronic signature of the applicant.
Amendments to the principal Regulations4
In regulation 9(3)(d)(ii)5 for the words from “sub-section” to the end there shall be substituted the words “regulation 2(1) of the Personal Portfolio Bonds (Tax) Regulations 19996, or”.