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What are the age limits for the following ISA types?

  • Cash ISA
  • Stocks & Shares ISA
  • Innovative Finance ISA
  • Help to Buy ISA
  • Lifetime ISA

  • Cash ISA - 16 years +
  • Stocks & Shares ISA - 18 years +
  • Innovative Finance ISA - 18 years +
  • Help to Buy ISA - 16 years +
  • Lifetime ISA - 18 to 40 years



During the year your client and their partner invest £7k each in ISAs.

They had £60k each in ISAs at the start of the year.

If the wife dies, how much can the husband invest in a new ISA before the end of the year?

How much can he invest in a new ISA next year?

He has £8,240 left of his own allowance.

His wife had £67k of ISAs in total when she died so he can invest that amount in a new ISA.

So in total he can invest £75,240 in a new ISA.

Starting next year his allowance continue at £15,240 as it always was.



What can you put into stocks and shares ISAs?

Pretty much anything!

  • Any listed shares, including AIM;
  • Gilts issued by EEA countries;
  • Listed corporate bonds;
  • Any UCITS qualifying investment (e.g. unit trusts)
  • Life assurance policies.



What is a stakeholder ISA?

What are the AMC limits?

ISA for poor people with restrictive rules to protect them.

AMC is limited to 1.5% for the first 10 years, then 1% afterwards.



What are the rules around ISA transfers?

ISA managers must allow transfers out (no rule forcing them to accept transfers in).

You can do a partial transfer of ISAs from previous years (which could add up to a large value) but if transferring a current year ISA (£15,240 max) you have to do the whole lot.


Child Trust Funds/Junior ISAs

Brief description


Age rules

Child Trust fund was the old system which has been replaced by Junior ISAs.

Both are limited to £4,080 contributions per year.

Person becomes "responsible" for the account at age 16 but can't withdraw until they are 18, when it reverts to a normal ISA.