ISA guides tagged “Annual isa limit”

The usual ISA pitfalls are withdrawing instead of transferring, paying in over the allowance, Lifetime ISA age limits, and assuming protection that does not exist. Here is what the rules say about each.

gov.uk says you cannot hold an ISA with someone else. Reading the limit as applying to each adult, giving a couple two between them, is this site's own interpretation. Here is how that works, with a worked example.

The ISA tax year runs from 6 April to 5 April, and the £20,000 allowance is set for each tax year. gov.uk describes no carry forward of an unused amount.

How the annual ISA allowance works: what it covers, how it can be split across ISA types, and what gov.uk says about unused allowance.