skip to main content
5th
Dec 2013
/

ISA Limit will increase to £11,880 in April 2014

The government will boost ISA, Junior ISA and Child Trust Fund (CTF) annual limits in line with the consumer price index (CPI), it was announced today.

In his Autumn Statement, Chancellor George Osborne stared that the 2014-15 ISA limit would be increased to £11,880 per year - half of which can be saved in a cash ISA - while both the Junior ISA and CTF limits will both be increased to £3,840.

No cap on lifetime ISA allowance

However, Chancellor George Osborne did not mention whether or not the Government was planning to introduce a cap on the total lifetime Isa allowance. There has been much recent speculation over this, with rumours circulating that the allowance was to be capped at £100,000.

Child Trust Funds still non-transferable

Neither was there any mention of whether children who hold CTFs will be allowed to transfer their savings to Junior ISAs. During the Budget in March 2013, it was announced that the Government was considering the possibility of letting children switch from CTFs to Junior ISAs. Junior ISAs replaced CTFs in late 2011, but so far, CTF holders have not been permitted to switch to the new product - even though Junior ISAs tend to offer better rates and more flexibility to savers than CTFs.

The lack of an announcement on this subject today will come as a disappointment to supporters of the move such as Danny Cox, head of financial planning at Hargreaves Lansdown. He commented that: "Unfortunately the CTF is in terminal decline, with many providers offering lower rates and worse choice than is available from Junior ISAs - and the government needs to recognise this. A change to the rules would allow more and better choice, and be great news for over six million children with CTFs."

The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

No news, feature or comment should be seen as a personal recommendation to invest. If you are at all unsure of the suitability of this type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

Cash ISAs

ISAs are a tax-advantageous way to save or invest, check out some of the ISA options below

ISAs Products

Fund ISAs

There are a range of types of fund ISA

Fund ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

How to choose the best ISA?

7th April 2017

You can invest your full ISA allowance of £20,000 into one ISA or split your allowance between the three types of ISA available. Cash, Stocks and Shares and Innovative Finance. However, this leaves the question of how to choose what works best for you?

Newsletter Signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

About us

ISA.co.uk is a trading style of Fair Investment Company.

We've been comparing and recommending ISAs for many years so you can trust you're in good hands.

About us

4.89 Average

35 Reviews

Paul

Very informative, find myself a good ISA account with best return in terms of interest.

Anonymous

Easy to navigate, all required information was to hand. Professional looking site!

Jessica Esa

ISA.co.uk has a really attractive and simplistic design. I've found it easier to use than other similar comparison sites. The products are simply described, it's informative and the pros and cons are really clear. Great website.

Sue

Easy to use website and up to date. Saved the link on my tablet.

Rob Holden

The website was very useful and informative.

Andrew Johnson

ISA can be confusing at first and this site includes a useful and helpful introduction into the world of ISAs

Crowd2Fund

Excellent website - clear and helpful information about different products - and a trustworthy partner.

Anonymous

Quick and professional service provided

Anonymous

Very insightful and easy to navigate.. would recommend to anyone interested

Helen Belcher

Clear concise information that was easy to understand!

Sue

Easy to use website and up to date. Saved the link on my tablet.

Adam

simple, informative and clear - found what I was looking for straight away. Thank you.

Steve

Really simple to use and all the information was clear with lots of products available. The interest calculator was really handy too. Have bookmarked and will definitely use again.

Marion

Very helpful site for my investment isa

Hannah Gordon

This was a really user-friendly site, and was very helpful when it came to comparing accounts and choosing my 2016 ISA.

Sue

Easy to use website and up to date. Saved the link on my tablet.

Anonymous

If you wish to invest in an ISA this site has it all. A super comprehensive range of simply explained products from all the major companies.

Cristina Iacob

Very knowledgeble company with an extensive range of services, a great website with loads of useful information.

Jessica Morley

Really informative and easy to use site. Information is laid out very clearly and comparisons have all the plus & minuses I'm interested in, so makes me feel like I am making an informed decision. There was also a lot of additional information which would be incredibly helpful to someone completely new to ISAs who wanted to read up on the basics.

Sam H

excellent website, helped me to understand how i can get started with ISA's and helped me to narrow down great deals!

Anonymous

Nice graphics and easy to navigate