ISA Allowance 2018/19
This tax year you can invest up to £20,000 in ISAs.
You're free to split your ISA allowance any way you like across a Stocks and Shares ISA, Cash ISA, Lifetime ISA (maximum of £4,000) and an Innovative Finance ISA, as long as you stay within the overall limit.
So for example you could put £5,000 in a Cash ISA, £4,000 in a Lifetime ISA and the remaining £11,000 in a Stocks and Shares ISA.
The allowance is less for Junior ISAs. The limit this tax year is £4,260.
The tax year is 6 April to 5 April and the deadline for adding money midnight 5 April.
Open an HL Stocks and Shares ISA
Once you've decided to invest your ISA allowance, it takes less than five minutes to get started. You'll just need a debit card and your national insurance number to hand. Remember that your investments can go down as well as up in value, so you could get back less than you put in.
Open an HL Stocks and Shares ISA and choose from:
- Over 2,500 funds
- UK and overseas shares
- Investment trusts, bonds and exchange-traded funds (ETFs)
You can start a do-it-yourself ISA with £100 or from as little as £25 a month. You can hold cash in your ISA until you're ready to invest.
Rather not choose individual investments? You can select a ready-made portfolio for your ISA instead.
We'll choose the investments for you and look after the day-to-day management. You'll just need to keep an eye on it to make sure it's still right for you.
You can start a ready-made ISA with £1,000 or more.
More about ISA limits and rules
How much can I invest?
Each tax year there's a limited amount of money you can put in an ISA. This limit is set by the government and is called the ISA allowance. In the 2018/2019 tax year, the allowance is £20,000.
You can split the ISA allowance across different types of ISAs, but you can only add money to one ISA of each type in a tax year. Lifetime ISA works differently – read more in our Lifetime ISA section.
It's a good idea to use as much of the ISA allowance as you can, because that way you'll be making the most of the ISA tax break for your money.
How does transferring affect my ISA allowance?
Transferring does not count towards your ISA allowance, which is £20,000 for the 2018/2019 tax year. Find out more about transferring an ISA to us.
What happens to my ISA allowance if I die?
If you were married or in a civil partnership with someone who died on or after 3 December 2014, you can apply for extra ISA allowance, called an Additional Permitted Subscription (APS). It allows your ISA to be transferred to your partner and increases their ISA allowance for that year.