What are the Individual Savings Account (ISA) investment limits? How much can I invest in an ISA each year?
Subscribers, see ISAs (subscriber guide) for full details.
This is a freeview 'At a glance' guide
ISA Annual Investment Limits
| Annual ISA subscription limit: |
2021-22 to 2024-25 |
2020-21 |
2019-20 |
2018-19 |
2017-18 |
| Overall (Adult) | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 |
| Cash ISA | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 |
|
Stocks & shares ISA |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 |
|
Innovative finance ISA (from 6 April 2016) |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 |
|
Junior ISA (from 1/11/2011) |
9,000 | 9,000 | 4,368 | 4,260 | 4,128 |
|
Help to Buy ISA (from 1/12/2015 to to 30/11/2019) |
N/A |
£200 per month plus £1,000 |
£200 per month plus £1,000 |
£200 per month plus £1,000 |
£200 per month plus £1,000 |
|
Lifetime ISA (from 6 April 2017 |
4,000 | 4,000 | 4,000 | 4,000 | 4,000 |
|
UK ISA (proposed, assumed to commence in 2024/25)* |
*5,000 |
ISA Investment Limits: earlier years
| Annual ISA subscription limit: |
2015-16 to 2016-17 |
1/7/2014 to 5/4/15 |
6/4/14 to 30/6/2014
|
| Overall (Adult) | 15,240 | 15,000 | 11,880 |
| Cash ISA | 15,240 | 5,940 | 5,940 |
|
Stocks & shares ISA |
15,240 | 15,000 | 11,880 |
|
Innovative finance ISA (from 6 April 2016) |
15,240 | N/A | N/A |
|
Junior ISA (from 1/11/2011) |
4,080 | 4,000 | 3,840 |
|
Help to Buy ISA (from 1/12/2015 to to 30/11/2019) |
£200 per month plus £1,000 |
N/A | N/A |
|
Lifetime ISA (from 6 April 2017 |
N/A | N/A | N/A |
See ISAs (subscriber guide) for full details.
What is the annual ISA allowance?
Individual Savings Accounts (ISAs) Limits
Individual Savings Accounts (ISAs) are tax-free savings accounts for qualifying individuals.
- Types of accounts include:
- Cash.
- Stocks & shares.
- Innovative finance.
- Lifetime.
- Junior.
- All interest and dividends received and capital gains made are tax-free.
- ISAs form part of the taxable estate on death.
- From April 2016, the Innovative Finance ISA was introduced.
- From April 2017, the Lifetime ISA was introduced.
- The Help to Buy ISA was available from 2015 to 2019.
- The UK ISA was introduced on 6 March 2024.
ISA Investment Limits
- Annual savings limits apply: see Allowances above.
See ISAs (subscriber guide) for full details.
Junior ISAs
- A Junior ISA is a long term savings fund and interest in the ISA rolls up tax-free.
- Junior ISA is available to UK resident children under the age of 18 who do not already have a Child Trust Fund.
- It can be split into cash and shares.
- Where parents give children income-producing assets, such as cash or shares, any income earned on those assets (such as interest or dividends) in excess of £100 per year is taxable as the parent's, under the Income Tax Settlement provisions.
- The settlement provisions do not apply to gifts made by grandparents or other relatives. There is case law that should be considered when grandparents are being used as an avoidance mechanism by parents wishing to attempt to circumvent the rules.
- The income generated from parental subscriptions to a Junior ISA does not count toward the parent’s income under the settlements legislation
See ISAs (subscriber guide) for full details.
Are you enjoying our content?
Thousands of accountants and advisers and their clients use www.rossmartin.co.uk as their primary TAX resource.
Register with us now to receive our receive our FREE SME Topical Tax Update & newletter.
