
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 |
|
Lifetime ISA | £4,000 per year until age 50 (contributions also count towards your £20,000 ISA allowance) |
|
Junior Stocks and Shares ISA | £9,000 per year |
|
Cash ISA | £20,000 per year |
|
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
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

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.
More about ISA limits and rules
Security, transparency and service
MR SOMERVELL, London