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How much can I invest in a stocks and shares ISA?

The webpage from Aviva discusses the investment limits for Individual Savings Accounts (ISAs) in the UK for the tax year 2023/24. It explains that individuals can invest up to £20,000 in ISAs each tax year, which runs from April 6 to April 5. This allowance can be split across different types of ISAs, including Cash ISAs, Stocks and Shares ISAs, Innovative Finance ISAs, and Lifetime ISAs, but the total investment across all ISAs must not exceed £20,000. The article also highlights that any unused allowance does not carry over to the next tax year, emphasizing the importance of using the full allowance annually. Additionally, it mentions that there are specific rules for Lifetime ISAs, where you can only contribute up to £4,000 per year, which counts towards your overall £20,000 ISA limit. The content also provides guidance on how to manage and potentially maximize your ISA investments, including considerations for tax implications and investment strategies.

Read the Full Aviva Article at:
[ https://www.aviva.co.uk/investments/stocks-and-shares-isa/knowledge-centre/how-much-can-i-invest-in-an-isa/ ]