Individual Savings Accounts
	2019-20	2018-19
Overall investment limit	£20,000	£20,000
Lifetime ISA	£4,000	4,000
Junior ISA limit	£4,368	£4,260
Help To Buy ISA monthly subscription (initial deposit maximum limit £1,000)	£200	£200

Notes

Income and gains on ISA investments are tax free.
A Help-to-Buy ISA enables first-time buyers saving up to £200 per month plus an initial amount of up to £1,000 towards their first home to receive a government bonus of £25% of the amount saved. The government will contribute a maximum of £3,000 on £12,000 of savings.
A Lifetime ISA can be opened by individuals between the ages of 18 and 40. Individuals can save up to £4,000 each tax year into an account which will be topped up at the end of the tax year with a government bonus of 25%. The money saved, including the bonus, can be used to buy a first home worth up to £450,000 or can be withdrawn from the age of 60. Any contributions to this new Lifetime ISA counts towards the overall ISA subscription limit.

Child Trust Fund
	2019-20	2018-19
Cash value of Child Trust Fund Limit	-	-

Notes

You can't open a new Child Trust Fund because the scheme is now closed (use a Junior ISA instead).
If you already have a Child Trust Fund you can continue to add to it each year. In 2019-20 you can add a maximum of £4,368 to your CTF account (2018-19: £4,260). The money belongs to the child but can't be taken out until they are 18. They can take control of the account when they are 16.

Click Here to download the current tax year's abacus Tax Tables pdf booklet

Click Here to download the previous tax year's abacus Tax Tables pdf booklet

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