Don't forget to use this year's £20,000 tax-free ISA allowance - before it scoots away
You get an ISA allowance each year which runs out on the 5 April - for the 2018/19 tax year your allowance is £20,000. You can invest this as one lump sum or smaller amounts but must remember that once the tax year is over if you have not used all your allowance you will lose it.
Stocks and shares ISAs also offer great flexibility; you can access your money when you need it. And when you come to take your money out of your ISA you don’t pay any tax which means you get to keep all of the income and investment growth you’ve made.
Our Stocks and shares ISA could be just what you are looking for but please read our ISA key features, risks and terms and conditions before you open an account to make sure it is right for you. AJ Bell Youinvest does not offer investment advice, so you would need to be sure you are comfortable with managing your ISA yourself before opening an account. If you are transferring an existing ISA to us we’ll pay up to £500 to help cover the costs your current provider charges for transferring your account.
Need help choosing your investments?
Then take a look at our investment ideas: easy, expert solutions to the question of where to put your wealth. Whether you’re after some fund suggestions, or want our experts to do the hard work for you, we can help.
Or if you want to choose your investments yourself, there's a huge range available – including shares, funds, exchange traded funds and investments trusts. Find out more by visiting our investment options page.
Do you offer other types of ISAs?
We offer a Lifetime ISA which is aimed at investors who are aged 18 to 39 and looking to save for a first property or for retirement from the age of 60.
If you are looking to save for your child then our Junior ISA could be the ideal account. You can open a Junior ISA online and invest in a wide range of funds and shares. If you already have an AJ Bell account, you can link your family accounts together through our platform for easy management. We do not offer cash ISAs.
Choosing the right account
If you are saving for retirement then you may want to consider a Self-invested personal pension (SIPP) or a Lifetime ISA (if you are aged between 18 to 39). You can compare all the accounts we offer including Dealing accounts on our account comparison page which will help you pick the right account for your investment needs.
The current ISA allowance is £20,000 and you can choose to use your total allowance in a Stocks and shares ISA or you can choose to split the allowance with other types of ISAs. However you must not go over your annual limit in total or pay into more than one ISA of the same type in any one tax year.