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Glossary · Savings

ISA allowance

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Definition: The maximum you can pay into your adult ISAs each tax year — £20,000 for 2026/27.

Junior ISAs have a separate £9,000 allowance per child. Lifetime ISA contributions of up to £4,000 count towards the £20,000 adult limit. Allowances do not roll over to the next tax year if unused.

Primary source: gov.uk/individual-savings-accounts

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