Announcement from the Government Spring Update 2022 
Individual Savings Accounts (ISAs) 
From April 2022 
• 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
Share this post:

Leave a comment: 

Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings