The ISA allowance
- The ISA allowance is currently £20,000. This gets reviewed at the start of every new tax year by the government.
- Money can only be added to one of each type of ISA per tax year up to the annual limit, this includes ISAs held outside of Bank of Scotland. Transferring to one of our ISAs is simple, find out how to transfer your cash ISA or stocks and shares ISA.
- You can invest in any of the following each tax year as long as your contributions across the four types of ISA do not exceed £20,000
- Cash ISA up to £20,000 (including existing Help to Buy: ISA contributions of up to £200 per month)
- Stocks and shares ISA up to £20,000
- Innovative finance ISA up to £20,000
- Lifetime ISA up to £4,000
Transferring to one of our ISAs is simple, find out how to transfer your cash ISA or stocks and shares ISA
- Some ISAs can be flexible, this means any withdrawals that are made can be paid back in to the account in the same tax year without affecting your ISA allowance. This only applies to our easy access cash ISA.