We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

The stress-free way to secure this year’s ISA allowance

With the end of tax year fast approaching on 5 April, we take a look at a simple, stress-free way to secure this tax year’s ISA allowance without having to invest straight away.

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

It’s no secret ISAs are one of the most generous tax breaks currently on offer. Even with all the uncertainty in the world right now, it would be a shame to let our allowances get away from us.

It's a common misconception that you need to invest straight away when you add money to a Stocks and Shares ISA. If you don’t want to invest right now or you’d like more time to choose your investments, there’s no need for you to miss out.

This tax year, you can contribute up to £20,000 into ISAs and your money is immediately sheltered from UK income and capital gains tax. Tax rules can change and the benefits of investing in ISAs will depend on your personal circumstances.

But time is running out if you want to make the most of your ISA for this year. You’ve got until midnight on 5 April, before the tax year ends and your ISA allowance for this year is lost forever.

There’s a simple, stress-free way to secure your ISA allowance without investing straight away.

Secure your ISA allowance with cash

You can open your ISA with cash and choose what to invest in later on.

As long as you add money before the deadline, midnight on 5 April, any contribution you make will count towards this tax year’s allowance.

Adding cash to your ISA at this time of year gives you a number of benefits:

  • You secure your valuable ISA allowance – if you don’t use it by 5 April, it’s lost forever.
  • You don’t need to rush your investment decision – there’s no deadline for investing the money so you can invest when you’re ready.
  • Cash is a stress-free interim solution – you can always take your money out if you need to, although investing in a Stocks and Shares ISA should be for the long term.

Unlike cash, investments can fall as well as rise in value so you could get back less than you put in.

DISCOVER MORE ABOUT ISAS

Download our guide to ISAS

Open or top up your ISA with cash

It’s easy to open or top up your HL Stocks and Shares ISA with cash before the deadline and invest when you’re ready. If you would like to apply, all you need is your debit card and your national insurance number to hand. It can take just minutes online.

Before you apply, please make sure you’re happy with our terms and conditions (including tariff of charges) and key features.

Act now to avoid missing out.

This article isn’t personal advice. If you’re not sure of the suitability of an investment for your circumstances, please ask for financial advice.

Open or Top up your ISA

Investment ideas for an ISA


Editor’s choice: our weekly email

Sign up to receive the week’s top investment stories from Hargreaves Lansdown

Please correct the following errors before you continue:

    Existing client? Please log in to your account to automatically fill in the details below.

    Loading

    Your postcode ends:

    Not your postcode? Enter your full address.

    Loading

    Hargreaves Lansdown PLC group companies will usually send you further information by post and/or email about our products and services. If you would prefer not to receive this, please do let us know. We will not sell or trade your personal data.


    What did you think of this article?

    Important notes

    This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

    Editor's choice – our weekly email

    Sign up to receive the week's top investment stories from Hargreaves Lansdown. Including:

    • Latest comment on economies and markets
    • Expert investment research
    • Financial planning tips
    Sign up

    Related articles

    Category: Investing and saving

    New Covid-19 variant – investment lessons to navigate volatility

    With the new Covid-19 variant sparking a wide sell-off in global stock markets, we share our top investment lessons for navigating volatile markets

    Matthew Taylor

    26 Nov 2021 5 min read

    Category: Investing and saving

    3 stocks with recovery potential

    We look at 3 stocks with a potential recovery story ahead.

    Sophie Lund-Yates

    24 Nov 2021 7 min read

    Category: Investing and saving

    What would make you pay more into your pension?

    We asked what makes people save more into their pensions. Here are the top reasons, and two top tips to help you boost your pension pot.

    Isabel McDougall

    23 Nov 2021 5 min read

    Category: Investing and saving

    Exchange Traded Products – what are your options?

    What are Exchange Traded Products (ETP) and what's the difference between them?

    Alexander Watkins

    22 Nov 2021 4 min read