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Nov 2020
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How much Can I Put in An ISA?

How much Can I Put in An ISA?

The tax benefits of ISAs are very attractive - so lots of Britons look to put their money into them each year. But just how much can you put into an ISA? And how much can you put into each type of ISA account? We've got all the answers you need, right here. 

The Government-allocated ISA allowance changes year-on-year. So what you need to know is…

  • The 2020-21 ISA allowance is £20,000 per person
  • You have until 5th April 2021 to make use of it
  • HMRC set the allowance every year based on the Consumer Price Index (CPI) as of September.
  • There are different ISA allowances for different ISA types.
  • You can spread your ISA allowance between a Cash, Stocks and Shares or Innovative Finance ISA or simply place all your savings in to one of these types of accounts. You can only have one of each.

How Much Can I Put Into A Cash ISA?

There is no sub-limit on the amount you can put into a Cash ISA each year, as long as it stays under the overall ISA limit of £20,000 each year. You can put this all into the same type of Cash ISA, or spread it over the different ISA types. These include:

How Much Can I Put Into An Investment ISA?

Like a Cash ISA, there is no sub-limit on the amount you can put into an Investment ISA each year as long as it’s within the £20,000 allowance. You can only pay into one Investment ISA each year.

Your options are:

How much Can I Put Into A Lifetime ISA?

There is a limit on the amount that you can put into a Lifetime ISA beyond the overall “ISA limit”.

You are allowed to put £4000 into an LISA each tax year; for this you will receive a 25% bonus from the government, so you could stand to gain £1000 each year in a tax-safe bonus.

How Much Can I Put Into Junior ISA?

Year on year there is a cap on how much you can put into a Junior ISA – and this year (2020/2021) is a particularly generous.

You can put away £9000 into a Junior ISA this tax year in order to start your child’s savings.

Read more about ISAs here. 

Selected ISAs

Stocks & Shares ISA

from Legal & General

Allows ISA Transfers
Regular Savings
  • Fund Choice: Managed funds tailored for you or choose yourself from over 50 funds
  • Invest From: £20 per month or £100 single

Why we like it: Legal & General can help you save for a brighter future with their stocks and shares ISA. Choose from over 50 funds, including ready-made investment options that spread your money across different investments for you and sustainable funds that seek to make a positive difference without compromising financial returns. Please remember with investments, your capital is at risk, 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.

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.

Investment Fund Supermarket ISAs

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: 2,000+ Funds
  • Invest From: £50pm

Why we like it: Invest from as little as £50 a month or with a £1,000 lump sum. Investment choice from over 100 fund providers, giving you access to 2,000+ funds. One low-cost service fee of 0.35%*. Great service – from investment guidance on website through to UK-based phones team. PathFinder, Select 50, Investment Finder - investing tools for beginners to advanced investors. 24/7 access via online Account Management system.

* depending on how much you have invested

Special offer:

Invest and get £25 cashback » 

Build your savings with an ISA and receive £25. Exclusions, T&Cs apply.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: 2,500+ Funds
  • Invest From: £25 pm

Why we like it: Choose your own funds or alternatively a ready made portfolio. Market-beating savings and discounts of up to 5.5%. No charge to buy and sell funds. Low, tiered annual charges for holding funds, with a maximum of just 0.45% per annum. Free fund updates and analysis from experienced research team. Invest with a financially secure, FTSE 100 company.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Junior ISAs

Junior Stocks and Shares ISA

from Hargreaves Lansdown

Regular Savings
  • Investment Options: Invest from £25 per month or deposits of £100.

Why we like it: Invest for your child from £25 pm tax free. A wide range of top performing funds to choose from. The annual charge for holding investments in a Hargreaves Lansdown Junior ISA is never more than 0.45%. Your dealing and other charges will depend on the investments you choose.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

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.

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

Our Top Picks for Technology Stocks and Shares ISAs

19th January 2021

The tech industry has been booming for the past fifteen years; and it seems to be a rollercoaster that only goes up. The tech bubble has yet to burst, with companies coming out with more and more technological developments and consumer demand is certainly not slowing down. So, for the tech-savvy investor who wants to put their pennies behind this strong growing industry, we’ve put together our top three picks for Technology Stocks and Shares ISAs. 

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