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.