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| Name | What is the tax-free ISA allowance? |
| Video Uploader | Video From OpenMoney |
| Upload Date | This Video Uploaded At 23-05-2022 12:40:42 |
| Video Discription | Your ISA allowance is £20,000 in total each tax year. This means that if you were to invest into multiple ISAs such as a Cash ISA, a Stocks & Shares ISA, an Innovative Finance ISA and a Lifetime ISA (LISA), you cannot exceed your yearly allowance of £20,000 across these products. It’s totally up to you whether you would want to split your yearly allowance into one or more of these different types of ISAs. If you decide to choose just the one ISA, you can invest up to £20,000 (apart from a LISA which has a limit of £4,000 due to government bonuses). However, if you decide to invest into a combination of different ISAs, your yearly allowance will need to be split across the different types of ISAs. |
| Category | People & Blogs |
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