ISA changes 2017

2017/18 ISA allowance

The ISA allowance for adults for 2017/18 is £20,000. For Junior ISAs the limit is £4,128.

From 6 April 2017, you can split your ISA allowance between a stocks and shares ISA, a cash ISA, an innovative finance ISA and the new Lifetime ISA if you wish to. The Lifetime ISA limit will be £4,000 and the amount you pay to a LISA counts towards your £20,000 ISA subscription limit. Please note we do not offer cash or innovative finance ISAs, but Lifetime ISAs will be available shortly.

Tips for using your ISA allowance

The ISA allowance is set by the Government and determines how much you can invest in ISAs each tax year. The ISA allowance can be used across the different types of ISA but you cannot exceed the allowance overall. You also don’t have to use all of your allowance if you don’t want to but once the tax year is over your allowance is gone. You cannot ‘roll over’ any unused allowance.

  • If you have not used all your 2016/17 allowance invest before the end of the tax year - 5 April 2017 so that you don’t lose your allowance
  • Invest early in each tax year to get the maximum benefit
  • Don’t forget Junior ISAs which can be a great way to save for university fees or house deposits
  • Remember that both married partners get their own ISA allowance

Related links

ISA changes 2015

ISA changes 2016

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