ISA allowance 2013/2014
This tax year you can invest up to £11,520 in Cash and Stocks & Shares ISAs (the tax year runs from 6 April 2013 to 5 April 2014).
You can invest the full amount (up to £11,520) in a Stocks & Shares ISA or up to £5,760 in a Cash ISA with the balance (within your overall limit) in a Stocks & Shares ISA. Under current rules the ISA allowance increases every tax year in line with inflation, but these rules could change over time.
Used every tax year the ISA allowance lets you build a significant portfolio of assets sheltered from tax. We even have some clients who have used their ISA allowance (and before them PEPs) every year who now have tax-efficient portfolios worth in excess of £1 million.
The annual ISA allowance is per individual. This means a husband and wife, for example, can put up to £23,040 between them into ISAs this tax year.
How much can I invest in an ISA?
Invest from as little as £50 per month
If you're happy making your own investment decisions you can open a Cash ISA or Vantage Stocks & Shares ISA with a lump sum from £500, or start a regular savings plan from just £50 per month.
The great thing about investing a small amount each month is that it's easy to budget for and it can really add up over the long-term. Please remember stock market investments can go down as well as up, so you could get back less than you invest. Find out more about the benefits of investing monthly into your Stocks & Shares ISA
To see how much a regular savings plan in an ISA could be worth in future, try our regular savings calculator.
Open a Stocks & Shares ISA online in minutes
Open your ISA today from as little as £50 a month or with a lump sum of £500 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.
Save tax, time and money...
Get market beating savings and investment flexibility. Open your Vantage Stocks & Shares ISA online today.
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.
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Have a question?
If you're confused about ISAs, or have a question not covered in this section, call our friendly Helpdesk.
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Alternatively, view our ISA FAQs.