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ISA Allowance

Stocks & Shares ISA

ISA allowance 2020/21

Take advantage of this year's ISA allowance and invest up to £20,000 tax-free in 2020/21.

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Important information - investment value can go up or down and you could get back less than you invest. If you're in any doubt about the suitability of a stocks & shares ISA, you should seek independent financial advice. The tax treatment of this product depends on your individual circumstances and may change in future. If you are uncertain about the tax treatment of the product you should contact HMRC or seek independent tax advice.

What is the Stocks and Shares ISA allowance?

The 2020-21 tax year allowance is £20,000. This is the total amount you can invest in ISAs during this tax year without paying any tax on the gains.

How does the ISA allowance work?

The allowance can be split between different accounts, including a Cash ISA, Stocks and Shares ISA, Lifetime ISA (up to £4,000) and Innovative Finance ISA. You can contribute to more than one type of ISA, but not to more than one of the same type in the same tax year.

There is a separate allowance for Junior ISAs for under 18s, which is £9,000 for this tax year. 

The current tax year runs from 6 April 2020 to 5 April 2021.

What happens if I do not use my ISA allowance? 

You cannot carry over any ISA allowance if you have not contributed your full amount.

If you do not contribute to your ISA at all during the tax year, you may need to reactivate your ISA the next time you want to make contributions. You can do this by logging in to your account and reconfirming your date of birth and National Insurance number. 

Historical ISA allowances

Tax Year Share ISA / Total Allowance Cash ISA Junior ISA Lifetime ISA
2019-20 £20,000 £20,000 £4,368 £4,000
2018-19 £20,000 £20,000 £4,260 £4,000
2017-18 £20,000 £20,000 £4,128 £4,000
2016-17 £15,240 £15,240 £4,080 -
2015-16 £15,240 £15,240 £4,080 -
2014-15 £15,000 £15,000 £4,000
The value of any investment can go down as well as up and your child might not get back what was originally invested. The tax treatment of a junior ISA depends on individual circumstances and tax rules may change. If you’re unsure about the suitability of a junior ISA or any investment please speak to a suitably qualified financial adviser.

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Transfer to us and benefit from an award-winning service at the low price of just £9.99 per month. In return, you will enjoy access to our full range of services, news and insight, as well as £7.99 free credit each month to use against any trade. We are proud to have been named Best ISA Provider at the 2019 City of London Wealth Management Awards. 

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