skip to main content
16th
Mar 2016
/

ISA allowance will be raised to £20,000 in 2017

ISA allowance will be raised to £20,000 in 2017

ISA allowance will be raised to £20,000 in 2017

ISA allowance will be raised to £20,000 in 2017

From April 2017 savers will be able to save up to £20,000 as part of their annual ISA Allowance,

The ISA allowance which for the upcoming 2016/2017 tax year will remain at £15,240 will increase from the 6th of April 2017. This increase was announced by the chancellor in today’s budget announcement that also included the announcement of a new ‘Lifetime ISA’.

It is unclear if any change will be made to the Junior ISA allowance, which currently has a limit of £4,080.

The lifetime ISA will be a new kind of ISA designed to help people aged between 18 and 40 save for both the purchase of a first time home and their retirement simultaneously, and benefit from up to 25% contributions from the government. Find out more about the Lifetime ISA by clicking here.

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

Latest News

New (tax) Year, New You: How to Make the Most of Your ISAs in 2020/2021

6th April 2020

Dawn breaks on the morning of April 6th 2020 – the sun is (potentially shining) and the new tax year has begun. With £20,000 of possibilities for your tax allowance for this new tax year – we’ve answered the most common questions that savers have at this stage. 

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

4.91 Average

22 Reviews

Jen

I found the way the different options are presented very clear - much more useful than some other comparison sites. I sent it to my daughter as well.

Paul

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

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.

Sue

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

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.