How much can you put into an ISA?

How much you can put into an ISA can change every year. Find out the ISA allowance for stocks and shares, cash and junior ISAs for the 2018 / 19 tax year.

Find out more about the ISA allowance.

Video transcript - How much can you put into an ISA?

How much can you put into an ISA? Everyone in the UK over the age of 16 has an annual ISA allowance. In the current tax year you can put in up to £20,000 into an ISA. That can be in a cash ISA or a stocks & shares ISA or a combination of the two. If you are investing into a Junior ISA then the amount you can invest is significantly lower at £4,260.

If you don’t use your ISA allowance before midnight on the 5th April then, you simply lose it. It cannot be carried over to the next tax year.

That’s why it’s a good idea to try and invest as much of the full ISA allowance as you can to maximise the benefits of tax-free saving that you get with an ISA. It’s also worth trying to put in as much of this annual allowance as early as possible in the tax year so that your money has longer to grow and benefits from the power of compounding.

The fact is that the longer you leave your money invested, the greater the returns. The magic of compounding is so powerful that a very small sum, given many years to grow, will do so, so much more than a much larger sum of money invested years later. So the sooner you get that money working for you, the better.