How many ISAs can I have?
Every tax year you can put money into one of each kind of ISA.
The tax year runs from 6 April to 5 April. At the end of the tax year, your ISAs will stay open and continue to earn interest. It’s important to remember: although you can have any number of ISAs open at one time, you can only pay into one of each type per year.
So if you already have a cash ISA open with one provider from a previous tax year, you can open a new cash ISA with a different provider. But you can only pay into one of those cash ISAs during the same tax year.
How much can you put in an ISA?
There’s an annual limit on how much you can save in ISAs, known as an ISA allowance. For the current tax year, the annual ISA allowance is £20,000.
This limit applies across all the different types of ISA you may hold, and you can split your allowance across these different types if you want to. Or, you can pay the full £20,000 into a single type of ISA. You can only pay £4,000 into a lifetime ISA in one tax year.