Compare 2014 - 2015 ISA rates
Find out the 2014-15 ISA allowance
Earn tax-free interest on your savings
Find different ways to invest
The more money you can add to your ISA account the better in order to make the most of your tax-free savings. But you should also remember that each tax year (which runs from the 6th April one year to 5th April the next year) you're only allowed to invest a certain amount of money into your ISA.
This is known as your ISA allowance.
In the 2013-14 tax year, which will end on 5th April 2014, your total ISA allowance is £11,520.
In 2014-15 your ISA allowance will rise to £11,880 (£5,940 for a Cash ISA)
If you wish your ISA allowance can be split. For example, you could choose to invest in a Cash ISA, the maximum limit for this is £5,940. The remainder of your savings could then be invested in a stocks and shares ISA, allowing your money to be spread over a wide range of investments.
Alternatively you can choose to invest the whole amount in a stocks and shares ISA. The choice is yours!