Cash ISA Allowance 2024/2025
Important information - The information on this page is not personal advice - please ask us for financial advice if you’re not sure what’s right for you. Tax rules for ISAs can change and their benefits depend on your circumstances.
The Cash ISA allowance this tax year is £20,000
The maximum amount you can put into a Cash ISA is £20,000. Or you can spread £20,000 across any combination of Cash ISAs, Stocks and Shares ISAs, and Innovative Finance ISAs, as long as you stay within the overall limit. You can only subscribe to one Lifetime ISA each tax year (maximum of £4,000). Your Lifetime ISA allowance forms part of the overall £20,000 annual allowance.
Your ISA allowance resets at the start of each tax year (on 6 April). The deadline for adding money is midnight 5 April.
You can only pay in to one Cash ISA per tax year. But you can hold multiple Cash ISAs.
The ISA allowance for a Junior ISA is lower. This year it’s £9,000.
ISA allowances for the 2024/2025 tax year
| Account | Maximum contributions (2024/2025) | Eligibility | Cash ISA |
£20,000 per year |
|
|---|---|---|
| Stocks and Shares ISA |
£20,000 per year |
|
| Lifetime ISA |
£4,000 per year until age 50 (contributions also count towards your £20,000 ISA allowance) |
|
| Junior Stocks and Shares ISA |
£9,000 per year |
|
Tax rules can change and benefits depend on individual circumstances.
Open an HL Cash ISA
- Once you’ve decided to save, you can open your Cash ISA in minutes. Once open, you can spread your ISA allowance across the products provided by our banking partners, all in the same tax year.
- You'll just need your National Insurance number to hand. Make a one-off debit card payment and top up whenever you like.
Two simple ways to open a Cash ISA
Cash Hub
If you hold an Active Savings account, you can use money available in your cash hub.
More about Cash ISA limits and rules
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Help and support
If you have any questions about the ISA allowance, you can speak to one of our client support experts.
Call us on 0117 900 9000