For the latest New Development, see ND.2564.
Limits are laid down as to the maximum amounts that may be subscribed to ISAs in a tax year1. The limits are:
Type of ISA | Subscription limit 2024/25 | Subscription limit for prior years |
ISA | £20,000 | T6.176 |
Junior ISA | £9,000 | T6.179 |
Lifetime ISA | £4,000 | T6.177 |
With effect from 1 July 2014, there are no rules prescribing maximum amount of the overall ISA limit that can be subscribed into a cash ISA2. Prior to that date a maximum of 50% of the overall limit could be invested in a cash ISA. The maximum subscription into a stocks and shares ISA was the overall subscription limit for the tax year less any amount subscribed to a cash account. For the 2014/15 tax year, any amount invested in an ISA between 6 April 2014 and 30 June 2014 counted against the overall ISA subscription limit that applied from 1 July 2014.
In the case of Junior ISAs, an eligible child (see
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