Q

What is the ISA contribution limit?

A

With some caveats, this year it's £20,000 per year per person.

The easy answer you’ve probably come for? As of 2018, the ISA limit is* *£20,000 per year per person. The yearly limit for a Lifetime ISA is £4,000, to which the government will add a 25% bonus of up to £1,000. This £4,000 counts towards your annual £20,000 limit. If you want to open a Junior ISA for your child under 18, as of 2018, you’re free to deposit £4,128 per year, which does not count towards your overall £20,000 per year limit.

Wealthsimple is investing on autopilot

Get started in just 5 minutes, and your first £5,000 is managed free.

Learn more