Cash Isa Allowance 2021/22. 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. This is the total amount you can invest in isas during this tax year without paying any tax on the gains.
Split your 2021/22 isa allowance across different types of isa, however you choose. The figure of £12,570 has been confirmed in the income tax (indexation) order 2021 the national insurance section has been updated to reflect the passing into law of si 2021/157 on 15 february. Everyone has a cash isa allowance of £20,000 for the 2021/22 tax year.
You can split your allowance across a stocks & shares isa and cash isa or invest it at the beginning of each new tax year your annual isa allowance resets.
The 2021/22 isa allowance is £20,000 per person. However, if you reach your full isa allowance for the current tax year, any amount withdrawn can't be. With the loyalty cash isa, we reward you for your loyalty as long as you pay at least £1 into your isa each year. Download our complete guide to the isa allowance for 2021/22.