Individual Savings Accounts (ISAs)
Overview
You can save tax-free with Individual Savings Accounts (ISAs).
In the 2025 to 2026 tax year, the maximum you can save in ISAs is £20,000
There are 4 types of ISA:
- cash ISA
- stocks and shares ISA
- innovative finance ISA
- Lifetime ISA
This guide is also available in Welsh (Cymraeg).
Who can open an ISA
You must be 18 or over to open an ISA. If you’re opening a Lifetime ISA you must also be under 40.
If you were born between 6 April 2006 and 5 April 2008, you can open one cash ISA before you turn 18.
You must also be either:
- resident in the UK
- a member of the armed forces or a Crown servant (for example diplomatic or overseas Civil Service) or their spouse or civil partner if you do not live in the UK
You can work out your residence status if you’re unsure - read UK residence and tax for more details.
You cannot hold an ISA with someone else.
You can get a Junior ISA for children under 18.