What is the ISA allowance?

The ISA allowance in the UK is currently £20,000. It applies from the 6th April to 5th April. Anything you pay into an ISA after 5th April will count as part of your ISA allowance for the next tax year.

Paying into an ISA is known as subscribing. You must not subscribe to another cash ISA with us or have subscribed more than the overall subscription limit in total to a cash ISA, stocks and shares ISA, or any other types of ISAs in the same tax year.