Set by the government, your ISA allowance is the maximum amount you can pay into ISAs each tax year.
Unused ISA allowance doesn’t roll over to the next year, so use it or lose it! There are two approaches:
1. All in one
Invest (up to) your ISA limit 2018/19 in one type of ISA, for example one of our Stocks & Shares ISAs.
2. Mix it up
Split your 2018/19 ISA allowance across different types of ISA, however you choose. The maximum you can currently pay into a Lifetime ISA each year is £4,000.
You can invest all of your child's 2018/19 ISA allowance in a Stocks & Shares Junior ISA with us (we don’t offer Cash Junior ISAs).
If you’ve used all your ISA allowance for the current tax year, simply open a Share Account. You’ll be able to invest as much as you like, however your returns may be subject to tax.
In the unfortunate event that your spouse or civil partner dies, you may be entitled to an additional permitted subscription. This means that, in addition to your ISA allowance, you will be able to invest the value of your deceased spouse’s ISAs tax-efficiently.