How much can I invest in an ISA?

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 2021/2022 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 2021/2022 tax year. Find out more about transferring an ISA to us .

Where can I invest my ISA allowance?

Once you’ve opened your HL Stocks and Shares ISA , you can choose where to invest your ISA allowance. Pick from funds , shares , investment trusts and ETFs , or choose one of our ready-made ISA portfolios .

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. Find out more about APS

In this section

Stocks and Shares ISA

ISA Allowance 2022/2023

Important information - Investments can go down as well as up in value, so you could get back less than you put in. The information on this page is not advice - please ask us for advice if you’re not sure which investments are right for you. Tax rules for ISAs can change and their benefits depend on your circumstances.

The ISA allowance this tax year is £20,000

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.

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 smaller for Junior ISAs. The limit this tax year is £9,000.

The tax year runs from 6 April to 5 April, and the deadline for adding money is midnight 5 April.

ISA allowances for the 2022/2023 tax year

Account	Maximum contributions (2022/2023)	Eligibility
Stocks and Shares ISA	£20,000 per year	UK resident Aged 18+
Lifetime ISA	£4,000 per year until age 50 (contributions also count towards your £20,000 ISA allowance)	UK resident Aged 18-39
Junior Stocks and Shares ISA	£9,000 per year	Parents or guardians can open a Junior ISA for their child, if the child is a UK resident Anyone born between 1 September 2002 and 2 January 2011 who is under 18 will need to have transferred their Child Trust Fund to a Junior ISA to open an account
Cash ISA	£20,000 per year	UK resident Aged 18+ for the HL Cash ISA. You can open one from 16 with other providers

Compare ISAs in more detail

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 may get back less than you invest.

Two simple ways to start a Stocks and Shares ISA

Open a new ISA

Get started from as little as £100.

Make a one-off debit card payment and top up whenever you like
Choose from a range of investments when you’re ready
Ideas and support to help you get off to a great start

Open an ISA

Set up a Direct Debit

Pay into an ISA from £25 each month.

Invest automatically each month
Start, stop, increase or decrease your Direct Debit whenever you like
Ideas and support to help you get off to a great start

Open an ISA

An ISA with a promise

Open an HL Stocks and Shares ISA, and if you’re not 100% satisfied with our service in your first 12 months, close your account and let us know. We’ll then refund our annual account charge – no questions asked.

This offer is subject to these terms and conditions. The offer is that if you open a HL Stocks and Shares ISA (the “HL Account”) and you are not completely satisfied with the service and ask to close the HL Account within the first 12 months, we will refund any annual charges you have paid to HL within that period in relation to the HL Account (the “Satisfaction Promise Refund”).
To be eligible for the offer, you must be a new client. A new client is a person who has not held an account with Hargreaves Lansdown Group. This offer will not apply to any assets (which shall include cash) transferred from an existing Hargreaves Lansdown account (whether or not in the same client’s name) into a new HL Account.
In order to benefit from this offer, you must either close the HL Account or request a transfer out of all your assets from the HL Account within a 12 month period of opening the account. If you open an HL Account with a cash payment, the 12 month period will commence from the date the cash payment is made into the account. If you open a HL Account with a transfer in of assets, the 12 month period will begin from the date the first transfer of assets is received by HL from the previous provider.
The value of your Satisfaction Promise Refund will be based on the total amount of annual charges you have paid us from the date of account opening until closure of the account. The value of the refund will be calculated at the point of account closure.
To request your refund, all you need to do is contact our Helpdesk on 0117 900 9000 or email helpdesk@hl.co.uk within the first 12 months of your account opening.
Refunds will be made within 10 days of the account closure. The payment will be made into your Loyalty Bonus account from which we will automatically pay it out to your nominated bank account or by cheque at our discretion.
This offer only covers our annual charges. These are the charges levied by HL for holding funds and/or shares. For more information about the charges for the HL Account, please see the Terms and Conditions of the HL Service). For the avoidance of doubt, this offer does not cover any other charges including but not limited to dealing charges, foreign exchange charges, any investment losses or any charges levied by third parties (such as fund management charges, including those levied by Hargreaves Lansdown Fund Managers Ltd). Exit fees from other providers are not included in this offer.
For the avoidance of doubt, a Satisfaction Promise Refund will only apply to the closure of the qualifying HL Account, as identified at clause 1 above. The closure of any other HL accounts will not qualify for a Satisfaction Promise Refund.
The Satisfaction Promise Refund cannot be used in conjunction with any other promotional offer.
Our standard terms relating to your HL Account continue to apply (the Terms and Conditions of the HL Service) and are not affected in any way by this offer other than as specifically set out in these terms and conditions.
This Satisfaction Promise Refund is not regulated by the FCA.
This offer is not open to employees of Hargreaves Lansdown or their immediate families.
We reserve the right to amend, suspend or withdraw this offer at any time by providing notice on our website at www.hl.co.uk. We will provide at least 30 days’ notice of our intention to withdraw the offer. In the event of a closure of this offer, all qualifying refunds requested up to the time of withdrawal will be honoured.
This offer is governed by English law and, in participating, you submit to the jurisdiction of the English courts.
References in these terms and conditions to “Hargreaves Lansdown”, “our”, “us” or “we” are to Hargreaves Lansdown Asset Management Limited (company number 01896481), authorised and regulated by the Financial Conduct Authority (FCA Register number 115248), whose registered office is at 1 College Square South, Anchor Road, Bristol, BS1 5HL. References to the “Hargreaves Lansdown Group” are to Hargreaves Lansdown plc (company number 02122142) and its subsidiaries from time to time.

To request more information simply call our Helpdesk on 0117 900 9000 or email helpdesk@hl.co.uk with your full name and address.

More about ISA limits and rules

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 2022/2023 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 ISAs work 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.
Transferring does not count towards your ISA allowance, which is £20,000 for the 2022/2023 tax year. Find out more about transferring an ISA to us.
Once you’ve opened your HL Stocks and Shares ISA, you can choose where to invest your ISA allowance.

Pick from funds, shares, investment trusts and ETFs, or choose one of our ready-made ISA portfolios.
If you’re married or in a civil partnership, your surviving spouse or partner 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.

Find out more about APS

Security, transparency and service

MR SOMERVELL, London