ISA allowance 2018/19: £20,000
Set by the government, your ISA allowance is the maximum amount you can pay into ISAs each tax year.
How to use your ISA allowance 2018/19
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.
Making the most of your ISA allowance 2018/19
- Use your allowance at the start of the tax year (6 April).
- Withdraw money, then replace it with our flexible ISAs (excl. Lifetime ISAs).
- Ensure you pay in some money before the tax year end (5 April) — you can decide what to invest in later.
- Your partner gets an ISA allowance too — encourage them to use it.
Junior ISA allowance 2018/19: £4,260
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).
Want to invest more than your ISA allowance?
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.
Additional permitted subscription
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.