Related Commentary  

5D(1)  A subscription to an account made in accordance with this regulation must be disregarded for the purposes of the subscription limits in regulations 4ZA(1) (subscriptions to an account other than a junior ISA account) and 4ZB (subscriptions to a junior ISA account).

5D(2)  A subscription to an account held by an account investor is made in accordance with this regulation if–

(a)the subscription is–

(i)a defaulted cash account subscription;

(ia)a defaulted Lifetime ISA subscription;

(ib)a returned withdrawal from a Lifetime ISA following failure of a purchase to complete under paragraph 10(1) of the Schedule;

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