Policy paper

Individual Savings Account and Child Trust Funds (Amendment No 2) Regulations 2024

This tax information and impact note is about updates to information Individual Savings Account (ISA) managers must get for new applications, rules for ISA transfers between ISA managers, and allowing 'fractional interests'.

From:
HM Revenue & Customs
Published
15 October 2024

Documents

Individual Savings Account and Child Trust Funds (Amendment No 2) — Regulations 2024

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Details

This measure will:

  • allow certain ‘fractional interests’ in shares (also known as ‘fractional shares) to be held in a stocks and shares ISA and Child Trust Fund (CTF)
  • require ISA managers to get a National Insurance number on new ISA applications from all investors who are eligible to have one
  • update the rules about the transfer of current year subscriptions from one ISA manager to another

Updates to this page

Published 15 October 2024

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