Individuals may contribute the following maximum amounts to an
Individual Savings Account. Income and gains arising within an
ISA are free of tax.
| Components (maximum investments) |
2018/19 |
2019/20 |
2020/21 |
| Overall Investment Limit |
£20,000 |
£20,000 |
£20,000 |
| Lifetime ISA |
- |
£4,000 |
£4,000 |
| Help to Buy ISA |
- |
£1,000* |
£1,000* |
| Junior ISA & Child Trust Fund |
4,260 |
£4,368 |
£9,000 |
The New ISA
From 1 July 2014, ISAs were reformed into the 'New ISA' (NISA).
From that date all existing ISAs became NISAs, and the overall
annual subscription limit for these accounts was increased
to £20,000 for 2017/18.
The NISA will offer you the option to save your whole NISA allowance
of £20,000 in cash, stocks and shares, or any combination
of the two.
There will be changes to the rules on the investments that can
be held in a NISA, so that a broader range of securities, including
certain bonds with less than five years before maturity, can be
invested.
Junior ISA
The amount that can be subscribed to a child's
Junior ISA or Child Trust Fund (CTF) in 2020/21 was increased
to £9,000.
*Help to Buy £1000 initially and thereafter £200 pm |
