2025 ISA

blueyankee

Hi All
looking for a wee bit of advice. 
My partner took out an ISA last April , at the moment there is about £10000 in it, she is aware that she can have an allowance of up to £20,000 .  
With having to sell her fathers home at some point over the next few months, can she top this one up with another £10000  at any point or does it have to before the year is up ?
She knows you can only have £12500 allowance if she takes out another one in April .

any replies greatly appreciated
D 

Ayr_Rage

You can put a total of £20,000 into ISAs in each tax year, so she can add further funds if she subscribed this tax year (6th April or after).

"She knows you can only have £12500 allowance if she takes out another one in April"

I don't know why she is under that misapprehension, ISA allowances are the same £20,000 for 2026/27

Also, it is only cash ISAs that will be limited to £12,000 form 2027/28 for the under 65s, stocks ISA limits do not change 

eskbanker

blueyankee said:

My partner took out an ISA last April , at the moment there is about £10000 in it, she is aware that she can have an allowance of up to £20,000 .  
With having to sell her fathers home at some point over the next few months, can she top this one up with another £10000  at any point or does it have to before the year is up ?

When in April?  Assuming it was on or after the 6th then yes, she can use the rest of her £20K annual contribution allowance - this can be in this same ISA if it still allows contributions many months later (most fixed term ones don't for example) or another one.

blueyankee said:

She knows you can only have £12500 allowance if she takes out another one in April .

In April she'll have another £20K allowance.  It's planned that only £12K can be subscribed to cash ISAs specifically from April 2027.

blueyankee

thanks to both for the very quick and very informative replies.
Dont know why we believed that it was from april 2026 for the lower allowance, thanks again
D

FrugaiMacDugal

blueyankee said:

She knows you can only have £12500 allowance if she takes out another one in April .

any replies greatly appreciated
D 

Is she confusing the Tax Allowance with an Isa,

A tax allowance is an amount of income you are allowed to earn each year before you start paying tax on it. The main allowance is the Personal Allowance, which is £12,570 for most people in the 2025/26 tax year. 

There is no tax to pay on money or interest earned within an Isa.

blueyankee

I think she might be,  its a good bit clearer now though  thanks
 D