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Don’t forget your ISA allowance

This tax year you can invest up to £20,000 in ISAs.

Today is the end of the tax year, did you know you could invest up to £20k in ISAs?

You’re free to split your ISA allowance 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 limit.

How does this work?

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 less for Junior ISAs. The limit this tax year is £4,260.

The deadline for adding money is midnight on the 5 April 19

So be quick!

2019-04-05T09:51:48+00:00April 5th, 2019|Tax Tips|