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General definitions

Some of the basic definitions are listed here. For a full list, see SI 1998/1870, reg 2.

An 'account' is as defined at E3.307.

An 'account investment' is an investment under the account which is a qualifying investment for stocks and shares components, a cash component or, with effect from 6 April 2016, an innovative finance component, as the case may be (see E3.315–A3.317).

An 'account investor' in an account that is not a Junior ISA account or a Lifetime ISA is an individual who subscribes to an account and who is a qualifying individual (see E3.305)¹.

An 'account investor' in relation to a Junior ISA account may be either the named child in relation to the account in question or the registered contact in relation to that account, depending on the regulation concerned².

An 'account investor' in relation to a Lifetime ISA account is an individual who makes, or has made, a qualifying addition to a Lifetime ISA, and at the time of each qualifying addition by the individual