Individual Savings Accounts (ISAs)

 

 

 

• Maximum contribution will remain at £20,000 

• Withdraw and repay without using your entitlement. 

• Junior ISA will remain at £9,000. 

 

Lifetime ISAs 

 

ISAs continue to be available for 18-40-year-olds for those looking to save for their first home, retirement or both. This lets you save £4,000 annually with the state adding a 25% bonus on top. 

 

• You can only withdraw the money when you buy your first home (as a deposit) or after you reach 60 or are terminally ill. If you withdraw the money for any other reason a 25% penalty will apply. 

 

If you have any queries about your ISA please contact us here.