ISA rates & factors

Here are some useful rates and factors for ISAs.
ISA typeEligibilityMaximum  subscription per tax year (1)Government bonusFSCS protection
Cash ISA 16+ £20,000 per year None £85,000 per person per financial institution.
Stocks and Shares ISA 18+ £20,000 per year None £50,000 per person per financial institution.
Lifetime ISA (3) 18-40 for set up but can subscribe up to age 50. £4,000 per year Maximum £1,000 per year (25%) If cash £85,000 per person per financial institution. If stocks and shares £50,000 per person per financial institution.
Help to buy ISA 18+ Initial subscription £1,200 then £200 per month (2) Minimum £400  maximum  £3,000 £85,000 per person per financial institution.
Junior ISA (3) Up to 18 £4,368 per year None If cash £85,000 per person per financial institution. If stocks and shares £50,000 per person per financial institution.
Flexible ISA (3) 18+  £20,000 per year None If cash £85,000 per person per financial institution. If stocks and shares £50,000 per person per financial institution.
Innovative finance ISA 18+  £20,000 per year None None

(1) The overall maximum subscription to all ISAs is £20,000.

(2) The minimum Government bonus is £400 so it is necessary to pay in at least £1,600 before a bonus is awarded. 

(3) Lifetime ISAs, Junior ISAs and Flexible ISAs can be Cash ISAs or Stocks and Shares ISAs.

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.