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ISAs Explained /

ISA Investment Annual Limit

The maximum allowance you can save in an ISA each year

ISA Investment Annual Limit 2020-21

The ISA annual limit is reviewed annually.

  • 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. 
  • The savings limit for Junior ISAs is £4,368
  • You can spread your ISA annual 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.

Are there any ISA Rules?

While ISAs can be straight forward, there are some rules to follow and it’s useful to know before you get started:

  • The rules on ISAs have been relaxed since April 2016 and you can now choose how you split your savings
  • Some accounts have penalties if you withdraw early, particularly fixed rate accounts. Be careful to check your provider’s rules as you could leave with less than you invested if you close early
  • You must use a transfer form if you want to transfer accounts. If you don’t follow the transfer procedure and simply withdraw the money yourself then you lose all tax benefits for that year
  • Transferring your ISAs should take no more than 15 days although transferring from a cash ISA to a stocks and shares ISA can take longer

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

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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