What is the 2016/17 ISA allowance?

The 2016/17 ISA tax year allowance is £15,240. This is the maximum amount that can be paid into an ISA in the current tax year. You can invest the full amount into a stocks and shares ISA, a Cash ISA or an Innovative Finance ISA or you can split your investment between each type of ISA providing you stay within the overall £15,240 limit.