The Individual Savings Account (Amendment) Regulations SI 2025/733 introduce various changes to the principal ISA regulations (SI 1998/1870). Among the more notable amendments are the new requirement for national insurance information to have been provided when an individual subscribes for an ISA (excluding a junior ISA given that children under the age of 16 generally will not have received an NI number) and for the ISA manager to have confidence that the individual meets the general age and UK-residence ISA conditions. These changes will have effect from 6 April 2027.
The regulations also include long-term asset funds in the qualifying investment types for the innovative finance ISA update the rules around flexible ISA account re-subscriptions of withdrawn funds and provide that funds which were ‘recognised funds’ within the ‘temporary marketing permissions regime’ (TMPR) at the start of the transitional period will remain as ISA...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
The Individual Savings Account (Amendment) Regulations SI 2025/733 introduce various changes to the principal ISA regulations (SI 1998/1870). Among the more notable amendments are the new requirement for national insurance information to have been provided when an individual subscribes for an ISA (excluding a junior ISA given that children under the age of 16 generally will not have received an NI number) and for the ISA manager to have confidence that the individual meets the general age and UK-residence ISA conditions. These changes will have effect from 6 April 2027.
The regulations also include long-term asset funds in the qualifying investment types for the innovative finance ISA update the rules around flexible ISA account re-subscriptions of withdrawn funds and provide that funds which were ‘recognised funds’ within the ‘temporary marketing permissions regime’ (TMPR) at the start of the transitional period will remain as ISA...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.tmb-editorspic.jpg?sfvrsn=c9a7a0cc_1)
