--- title: Understanding Your ISA Allowance description: Understanding ISA allowance --- [Skip to content](https://help.yeeld.com/understanding-your-isa-allowance#main-content) ![Logo - Colour Grey Text V1 (1)](https://help.yeeld.com/hs-fs/hubfs/Logo%20-%20Colour%20Grey%20Text%20V1%20(1).png?width=200&height=59&name=Logo%20-%20Colour%20Grey%20Text%20V1%20(1).png) - [Privacy Policy](https://yeeld.com/privacy-notice) - [T&Cs](https://yeeld.com/terms-and-conditions) - [Glossary of Terms](https://yeeld.com/glossary-of-terms) Open main navigation Close main navigation - [Privacy Policy](https://yeeld.com/privacy-notice) - [T&Cs](https://yeeld.com/terms-and-conditions) - [Glossary of Terms](https://yeeld.com/glossary-of-terms) Find what you’re looking for. - There are no suggestions because the search field is empty. 1. [Yeeld Support Centre](https://help.yeeld.com/?hsLang=en-gb) 2. [Investing & Portfolio](https://help.yeeld.com/investing-portfolio?hsLang=en-gb) 3. [Tax-Efficient Accounts](https://help.yeeld.com/investing-portfolio?hsLang=en-gb#tax-efficient-accounts) # Understanding Your ISA Allowance ## An explanation of the annual ISA allowance and how it works with Yeeld An ISA, or Individual Savings Account, is a tax-efficient way to save or invest. The UK government sets a maximum amount that you can deposit into ISAs each tax year, known as the ISA allowance. **Key Points About the ISA Allowance:** - **Annual Allowance Limit:** For the current tax year, the ISA allowance is £20,000. This means you can deposit up to £20,000 across all your ISAs (Stocks & Shares, Cash, Innovative Finance, and Lifetime ISAs). - **No Tax on Returns:** Any income or capital gains earned on your investments within your ISA are tax-free, allowing your money to grow more effectively. - **Use It or Lose It:** The ISA allowance cannot be carried over to the next tax year. If you don’t use your full allowance within the tax year, it will be lost. - **Yeeld ISA Management:** Yeeld offers a Stocks & Shares ISA, allowing you to invest up to your full annual allowance while benefiting from the tax advantages of an ISA. 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