Time to top up your ISA?

26th March 2019

If you’re planning to save into your ISA this tax year, don’t leave it too late and miss out on this great way to save tax-efficiently; remember you can’t carry any unused allowance over to the next tax year, so timing is important.

The ISA allowance for the 2018-19 tax year is a generous £20,000 and remains the same for the 2019-20 tax year. If you’re thinking of saving tax-efficiently for a child, the Junior ISA limit is £4,260 for the 2018-19 tax year, and £4,368 in 2019-20, rising in line with the Consumer Prices Index.

If you have cash that you don’t need to access in the short term and would like to start using this year’s ISA allowance now, then don’t leave it too long, the clock is ticking.

The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.

This article is for information only and does not constitute advice based on your individual needs and circumstances.