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How Much Can You Invest in an ISA?

How Much can You Invest in an ISA?
Selected ISAs

FTSE 100 Tracker Fund

from Legal & General

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE 100 Index
  • Invest From: £20 pm
  • Investment Options: Provides exposure to the FTSE 100 index of the largest companies listed on the London Stock Exchange at a highly competitive price.

A low cost way of looking for capital growth by tracking the 100 most capitalised mature companies listed on the London Stock Exchange.  You can invest up to £20,000 this tax year, with a low minimum of £100 lump sum or £20 per month, and you can manage your account easily online. 

This fund is available via: Legal and General investment platform »

Important: The value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

Core FTSE 100 ETF Tracker Fund

from iShares

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks the FTSE 100 Index
  • Invest From: £25 pm
  • Investment Options: Provides exposure to the FTSE 100 index of the largest companies listed on the London Stock Exchange at a highly competitive price.

A super low cost FTSE 100 tracker ETF fund with a 0.07% pa annual charge. The product has a record of tracking its benchmark to a high degree of accuracy and scored ahead of rivals on this measure.

This fund is available via: Interactive Investor platform »

Important: The value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

FTSE 250 Index Tracker

from HSBC

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE 250 Index
  • Invest From: £25 pm
  • Investment Options: The Fund's investment objective is to provide long term capital growth by matching the capital performance of the FTSE 250 Index by investing in companies that make up the index.

A low cost FTSE 250 tracker with a 0.18% pa annual charge.The FTSE 250 is full of medium-sized companies with exciting growth potential. We think this is an excellent tracker fund, offering a low cost way to invest in this area of the market. HSBC has lots of experience running tracker investment funds.

This fund is available via:  Interactive Investor investment platform »

Important information: Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest.

FTSE All Share Fund ISA

from Legal & General

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE All Share
  • Invest From: £20 pm
  • Investment Options: Invests in shares of UK companies listed on the London Stock Exchange.

Why we like it: A low cost way of looking for capital growth by tracking the UK stock market as represented by the index. No initial charges. You can invest up to £20,000 this tax year, with a low minimum of £100 lump sum or £20 per month, and you can manage your account easily online.

This fund is available via: Legal and General investment platform »

Important: Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest.

FTSE International Index Fund ISA

from Legal & General

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE World Index (excluding UK)
  • Invest From: £20 pm
  • Investment Options: Invests in shares of large and medium sized companies, as measured by market capitalisation, listed on a range of world stock markets (excluding the UK), weighted by the size of those markets.

Why we like it: A low cost way of looking for capital growth by tracking the shares of middle and large companies by capitalisation across all economic sectors in developed and advanced emerging markets (excluding the UK) as represented by the index. No initial charges. You can invest up to £20,000 this tax year, with a low minimum of £100 lump sum or £20 per month, and you can manage your account easily online.

This fund is available via: Legal and General investment platform »

Important: Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest.

How Much Can You Invest in an ISA?

Your tax-free allowance is annually subject to change, currently your annual allowance for an ISA in 2020/21 is £20,000, but you can only invest with one provider in a single tax year. Investing this amount would use up your full ISA allowance.

Some people find it easier to manage their finances if they’re consolidated in to one account, however, if you’d rather split your allowance between a Cash, Innovative Finance and a Stocks and Shares ISA, you can choose to split your ISA allowance as you see fit.

What are the Three Kinds of ISA and What Can They Offer Me?

1) Cash ISA

  • A safe way to start saving, there’s no risk and you are guaranteed to withdraw the same amount you deposited (unless you have been subject to penalty charges for closing an account early)
  • Fixed or Variable rates of interest available
  • Flexible accounts where you can access your money whenever you need to are available

2) Stocks and Shares ISA

  • Possibly gain much higher returns than on a Cash ISA
  • Some risk involved, you could withdraw less than you deposited
  • Ready-made portfolios, managed accounts and risk assessed options are available to make investing easy

3) Innovative Finance ISA

  • Potentially receive a higher rate of interest than a standard Cash ISA
  • Peer to Peer lending is fully regulated by the Financial Conduct Authority
  • Some risk involved
  • Currently over £5+ billion has been lent in the UK and its only growing

How to Choose the Best ISA?

Choosing the best ISA can be difficult, particularly when there are so many options to choose from. Many people are torn between investing their full ISA allowance in to one ISA or splitting it between Cash, Stocks and Shares and Innovative Finance ISA accounts.

The answer purely depends on your financial circumstances and your savings goals. However, by comparing the options available then you should be able to make a decision on what works best for you.

Cash ISAs are a safe option and you’re guaranteed to make money on your savings. With a Cash ISA, you are guaranteed a fixed rate of interest; they are designed to protect your capital, so many people feel that this is the safer option.

The low interest rates currently offered by banks has meant that more people than ever before are considering investing their money in Stocks and Shares or Innovative Finance in hope of higher returns. Traditionally, investing has always reaped higher rewards but the element of risk involved means that you could also be left with less than you originally invested.

While many people are put off by this, with many platforms offering ready-made portfolios and options where your funds are managed for you, it’s really never been easier to start investing.

Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. 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.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

High Income ISAs

High income ISA ideas:

ISAs Products

Cash ISAs

Fixed Rate & Instant Access ISAs:

Cash ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

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