This tax year (2020/2021) you can invest up to £20,000 in Cash and Stocks and Shares ISAs (the tax year runs from 6 April to 5 April the following year).
The £20,000 ISA allowance can be split as desired between a Cash ISA and a Stocks and Shares ISA.
Used every tax year the ISA allowance lets you build a significant portfolio of assets sheltered from tax.
The annual ISA allowance is per individual. This means a husband and wife, for example, can put up to - £40,000 between them into ISAs this tax year.
Please remember the value of tax savings depends on your circumstances and tax rules can change over time.
Invest from as little as £25 per month
If you're happy making your own investment decisions you can open a Stocks & Shares ISA with a lump sum from £100, or start a regular investing plan from just £25 per month.
The great thing about investing a small amount each month is that it's easy to budget for and it can really add up over the long-term.
Please remember stock market investments can go down as well as up, so you could get back less that you invest.
To see how much a regular investing plan in an ISA could be worth in future, try this regular investing calculator
Where can I invest my Stocks and Shares ISA?
Whether you're a seasoned investor or a complete beginner there are investment ideas for everyone.
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