Find out the 2015-16 ISA allowance
From April 2015 the ISA allowance will be a total of £15,240.
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Compare 2015 - 2016 ISA rates
- Find out the 2015-16 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 2014-15 tax year, which will end on 5th April 2014, your total ISA allowance is £11,880.
In 2015-16 your ISA allowance will rise to £15,240
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 £15,240. 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!
