You can invest up to £20,000 in an ISA each tax year, without paying any income tax or capital gains tax. The tax year runs from 6th April to the 5th April the following year, and the limit renews each year.
You can contribute all £20,000 to one ISA. You can also split it across more than one type of ISA and/or several ISAs of the same type. Moreover, you are free to choose whether you want to deposit your allowance all at once, or in several payments throughout the year.
InvestEngine also allows you to spread your ISA allowance between multiple portfolios. You can mix and match between DIY and Managed portfolios. Our smart tools will factor in all your portfolios when calculating your remaining allowance. Any ISA contributions made with other providers will need to be deducted manually - our "Remaining Allowance" figure does not account for them.
Investing your previous tax years' ISA contributions does not affect your present year's allowance; neither does transferring past tax years' ISA from another provider.