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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…

  1. The 2020-21 ISA allowance is £20,000 per person
  2. You have until 5th April 2021 to make use of it
  3. HMRC set the allowance every year based on the Consumer Price Index (CPI) as of September.
  4. There are different ISA allowances for different ISA types.
  5. 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:

  1. Instant Access Cash ISAs
  2. Fixed Rate Cash ISAs (terms up to 1,2,3,5 years)
  3. Structured Cash ISAs

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:

  1. Ethical ISAs
  2. ETF ISAs
  3. Fund Supermarket ISAs
  4. High Income ISAs
  5. Gold ISAs
  6. Index Tracker ISA
  7. Share Dealing ISAs
  8. Structured Growth ISAs
  9. Technology Stocks and Shares ISA

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. 

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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