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ISA Allowance 2026/27 | £20,000 Tax-Free Savings Guide

ISA allowance for 2026/27 is £20,000 across all ISA types. Cash ISA, Stocks & Shares ISA, Lifetime ISA and Innovative Finance ISA rules explained.

Waqas Sagar
25 May 2026
10 min read

ISA Allowance Guide 2026/27

ISAs (Individual Savings Accounts) let you save and invest tax-free. The 2026/27 allowance is £20,000.

ISA Limits 2026/27

ISA TypeLimit
Total ISA allowance£20,000
Lifetime ISA (within total)£4,000
Junior ISA£9,000

Types of ISA

Cash ISA

  • Interest tax-free
  • Easy access or fixed term
  • Capital protected

Stocks & Shares ISA

  • Dividends and gains tax-free
  • Higher growth potential
  • Capital at risk

Lifetime ISA

  • 25% government bonus
  • Up to £4,000/year
  • For first home or retirement (age 60)
  • Age 18-39 to open

Innovative Finance ISA

  • Peer-to-peer lending
  • Higher risk/reward
  • Interest tax-free

Rules

RuleDetail
Age18+ (16+ for Cash ISA)
ResidencyUK resident
TransfersAllowed between providers
SubscriptionsOne of each type per year

Related Calculators

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Waqas Sagar
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ACA, FCCA, FMAAT - Chartered Accountance

Chartered Accountant running a successful accountancy firm based in London. Over 18 years of UK tax experience.

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Disclaimer: This content is for general information only and does not constitute professional tax advice. Tax rules change frequently. Always consult a qualified accountant for advice specific to your circumstances.Terms of use.

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