Take a look at our handy guide to see the different types of ISAs you can select so that you can choose the best one depending on your needs and situation.

This tax year you can invest up to £20,000 in your ISA. The tax year runs from 6 April until 5 April the following year and that’s when your ISA allowance automatically refreshes.

You can pay your whole allowance of £20,000 into a Stocks and Shares ISA, a Cash ISA, or a combination of the two. Even if you have an ISA elsewhere, you can still open a Stocks and Shares ISA with Moneyfarm, and you can also transfer over an old ISA to your new Moneyfarm account. You can choose between making a lump sum investment, and/or making regular contributions throughout the tax year. Your Moneyfarm ISA is flexible to suit you. Your annual ISA allowance expires at the end of the tax year and any unused allowance will be lost. It’s a case of ‘use it or lose it’, as your allowance can’t be rolled into the next year. With Moneyfarm, you can invest more than the ISA allowance, for example, with a General Investment Account, but any investments outside the ISA wrapper won’t be sheltered from tax. Find out more about how much you can put in your ISA.

ISAs have generous tax benefits that can help you maximise your investment returns.

When you invest in an ISA, you’re not charged Capital Gains Tax (CGT) on any profit you make when you sell your investments and withdraw money from your account. Everyone has an annual CGT exemption allowance of £3,000 in the 2024/25 financial year. You’ll be charged CGT on any profit made above this annual allowance if you didn’t invest in an ISA.

Any losses made on your investments in your Stocks & Shares ISAs can’t be used to offset capital gains on your other investments.

ISAs also protect any income from your investments in your tax-free wrapper.

Outside of an ISA, you don’t pay tax on the first £500 of dividends you get in the 2024/2025 tax year. Above this allowance, you pay tax of 8.75-39.35%, depending on your income tax band. If you invest in an ISA, you don’t pay a thing.

The tax treatment of a Moneyfarm Stocks & Shares ISA depends on your individual circumstances and may be subject to change in the future.

A Stocks and Shares ISA helps protect your money from inflation and could help you hit your long-term financial goals. On top of this, any money is protected in a tax-free wrapper.

A Stocks & Shares ISA is often used for goals five years away, or more. As markets move up as well as down, there’s an opportunity to grow your money, and often this can help to protect you from inflation risk.

At Moneyfarm we build portfolios with a diverse range of assets based on your investor profile and time horizon to ensure you’re comfortable with any losses, whilst also aiming to deliver long-term returns.

To open a Stocks & Shares ISA you must be at least 18 years old and must be a UK resident for tax purposes.

Different investment accounts are suited to different financial goals – learn more about ISAs and SIPPs with our guide.

You can withdraw money from your ISA whenever you need to, without it impacting your ISA allowance from that tax year. Moneyfarm does not charge you to withdraw from your ISA, as we know how important it is that you have flexible access to your investments. However, the longer you can keep your money invested, the more you can expect your money to grow to help you have a more financially secure future. Learn how to withdraw your money from a Stocks and Shares ISA

Yes we do! Check out our Junior ISA page for more information.

No, we do not offer the Help-to-Buy or Lifetime ISA.

Yes we do! Check out our Cash ISA page for more information.

From 6 April 2016 onwards, investors have been able to withdraw money from a Cash ISA or a Stocks & Shares ISA and put it back in without losing that part of their allowance, provided they do so within the same tax year.

At Moneyfarm, this means that any disinvestment (withdrawal) will effectively top up your available ISA allowance for the current tax year, allowing you to reinvest those funds at a later date without eroding your annual limit. Find out more about Flexible ISAs.