This tax year you can invest up to £15,240 in ISAs (the tax year runs from 6 April 2016 to 5 April 2017).
You can invest the full amount (up to £15,240) into either a Stocks & Shares ISA, a Cash ISA or an Innovative Finance ISA. Alternatively split your investment between a Stocks & Shares ISA, a Cash ISA, and an Innovative Finance ISA, providing you stay within the overall £15,240 limit.
The annual ISA allowance is per individual. This means a husband and wife, for example, can put up to £30,480 between them into ISAs this tax year.
Every tax year the ISA allowance lets you build a significant portfolio of assets sheltered from tax. We have some clients who have used their ISA allowance (and before them PEPs) every year who now have tax-efficient portfolios worth over £1 million.
Find out how much your ISA could be worth in the future with our free ISA calculator. Please remember stock market investments can go down as well as up in value, so you could get back less than you invest.
Open your ISA today from as little as £25 a month or with a lump sum of £100 or more. If you're unsure where to invest in your Stocks & Shares ISA, you can open it today, hold your money as cash in your Stocks & Shares ISA and then choose your investments later.
Please remember, the value of tax savings will depend on your circumstances and tax rules can change over time. Investments can go down in value as well as up, so you might get back less than you invest.