ISA allowance
The maximum amount you can pay into ISAs in a tax year. For 2024/25, it’s £20,000. You can split this allowance between different ISAs, providing you stay within the overall limit.
Keep in mind that a Lifetime ISA has its own limit of £4,000 per tax year. Payments into AJ Bell’s Lifetime ISA count towards both the Lifetime ISA payment limit and the overall £20,000 ISA limit.
Popular terms
Lump sum and death benefit allowance
This is a limit on the total tax-free lump sums that can be paid from your pensions both in your...
Lump sum allowance
When you access your pension, you can usually take up to 25% of the value tax-free. The lump sum allowance...
Ready-made pension
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...