ISA yearly allowance

friolento

https://forums.moneysavingexpert.com/discussion/comment/81868048#Comment_81868048

Martin Lewis would never have said this.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81868048#Comment_81868048

Even if he did say that (spoiler alert: he didn't), it's always best to get facts from authoritative sources:

In the 2025 to 2026 tax year, the maximum you can save in ISAs is £20,000

https://www.gov.uk/individual-savings-accounts

Every tax year you can save up to £20,000 in one account or split the allowance across multiple accounts.

saajan_12

https://forums.moneysavingexpert.com/discussion/comment/81868048#Comment_81868048

There's many types of ISAs eg fixed term cash ISA, easy access cash ISA, S&S ISA, LISA.. Basically an "ISA" isn't one account, its a label which gives tax free benefits. You can only put 20k new money into accounts labelled "ISA" each year.

Slinky

https://forums.moneysavingexpert.com/discussion/comment/81868048#Comment_81868048

Crikey, how generous does he think Governments can afford to be!

born_again

https://forums.moneysavingexpert.com/discussion/comment/81868048#Comment_81868048

You can. Only that the total limit is £20K