The Child Trust Funds (Amendment) Regulations, SI 2015/600, increase the annual child trust fund subscription limit to £4,080 with effect from 6 April 2015.
The Individual Savings Account (Amendment) Regulations, SI 2015/608, increase the annual ISA subscription limit to £15,240 with effect from 6 April 2015. The junior ISA subscription limit is increased to £4,080.
The Income Tax (Deposit-takers and Building Societies) (Interest Payments) (Amendment) Regulations, SI 2015/653, change the definition of the ‘certificate’ by means of which a person can request a bank or building society to pay interest without deduction of tax, following the reduction in the starting rate for savings income from 10% to 0% from 6 April 2015. The changes reflect the fact that a person will now be able to receive interest gross if they have savings income below the starting rate limit, even though they may be liable to tax on other income. The regulations also replace references to mental disorder for England and Wales with references to mental capacity and the Mental Capacity Act 2005.
The Data-gathering Powers (Relevant Data) (Amendment) Regulations, SI 2015/672, make a minor change concerning the form of the certificate enabling banks and building societies to pay interest without deduction of tax, details of which must then be reported to HMRC, as a consequence of the reduction in the starting rate for savings income from 10% to 0% from 6 April 2015.
The Child Trust Funds (Amendment) Regulations, SI 2015/600, increase the annual child trust fund subscription limit to £4,080 with effect from 6 April 2015.
The Individual Savings Account (Amendment) Regulations, SI 2015/608, increase the annual ISA subscription limit to £15,240 with effect from 6 April 2015. The junior ISA subscription limit is increased to £4,080.
The Income Tax (Deposit-takers and Building Societies) (Interest Payments) (Amendment) Regulations, SI 2015/653, change the definition of the ‘certificate’ by means of which a person can request a bank or building society to pay interest without deduction of tax, following the reduction in the starting rate for savings income from 10% to 0% from 6 April 2015. The changes reflect the fact that a person will now be able to receive interest gross if they have savings income below the starting rate limit, even though they may be liable to tax on other income. The regulations also replace references to mental disorder for England and Wales with references to mental capacity and the Mental Capacity Act 2005.
The Data-gathering Powers (Relevant Data) (Amendment) Regulations, SI 2015/672, make a minor change concerning the form of the certificate enabling banks and building societies to pay interest without deduction of tax, details of which must then be reported to HMRC, as a consequence of the reduction in the starting rate for savings income from 10% to 0% from 6 April 2015.
