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What is the current tax year ISA allowance?

The ISA allowance for the current tax year is £20,000. This is the maximum amount that can be paid into a Stocks & Shares ISA in the current tax year.

Individual ISAs have their own allowances and you’re only allowed to pay into one of each type in a single tax year. Whether you have one or one of each, you mustn’t exceed your £20,000 personal ISA allowance.

At True Potential Wealth Management, we make investing simple. If you’re new to ISAs or investing, it’s worth reading our guide to choosing the right ISA.

With investing your capital is at risk. Investments can fluctuate in value, and you may get back less than you invest. ISA eligibility applies. Tax is subject to an individual’s personal circumstances, and tax rules can change at any time.

If you need more information or have any further question, and you are not already a client with True Potential, you can speak to our friendly team on 0191 625 0350 available 7am-8pm weekdays.

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