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How Much Can You Invest in an ISA?

How Much can You Invest in an ISA?
Selected ISAs

MSCI World Tracker

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks MSCI World Index. Low cost tracker fund that invests in global companies such as Disney, Google & Coco-Cola. Capital at risk.
  • Invest From: £25 pm

FTSE 100 ETF Tracker

from iShares

Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE 100 Index. Largest company shares in the index include, Astrazeneca, Glaxosmithkline, HSBC & Diageo. Capital at risk.
  • Invest From: £25 pm

FTSE 250 UCITS ETF Tracker Fund

from Vanguard

Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks the FTSE 250 index of medium-sized companies, providing a greater UK domestic focus than the FTSE 100. Capital at risk.
  • Invest From: £25 pm

FTSE 100 ETF Tracker

from HSBC

Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE 100 Index. Capital at risk.
  • Invest From: £25 pm

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 2021/22 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.

5 Shares For Your 2021 ISA – Free Guide

Investment inspiration for this year’s ISA allowance.

It’s looking more and more likely we’re past the worst of the pandemic.

For five shares that could be worth a look in this context, download a FREE factsheet to discover Hargreaves Lansdown’s experts’ latest picks.

They include:

  • One of the world’s largest mining companies
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  • An intriguing ‘boring’ stock

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Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.

Lifetime ISAs

Save for your first home and retirement

Compare Lifetime ISAs

Junior ISAs

Invest for your child’s future

Compare Junior ISAs: 

Stocks & Shares ISAs

Invest tax-free in stocks and shares 

Compare Stocks and Shares ISAs:

Latest News

5 Considerations for Your Next Investment ISA

15th March 2021

You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply". 

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