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ISAs Explained /

ISA Investment Annual Limit

The maximum allowance you can save in an ISA each year

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ISA Investment Annual Limit 2021-22

The ISA annual limit is reviewed annually.

  • The 2021 - 2022 ISA allowance is £20,000 per person
  • You have until 5th April 2022 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 £9,000
  • 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

5 Shares For Your 2021 ISA – Free Guide

Investment inspiration for this year’s ISA allowance.

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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:

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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.

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

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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