Skip to content
English - United Kingdom
Contact us
  • There are no suggestions because the search field is empty.

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.

Understanding your ISA allowance helps you make the most of the tax benefits and maximise your investment potential.