ISA Allowance

For the 2013/14 tax year, investors are able to save up to £11,520 in an Isa, which represents a rise of 2.1% over the previous year.

The maximum Isas contribution may be invested entirely in a stocks and shares Isa or up to half the amount – £5,760 – can be saved in a cash-only Isa.

Investors who choose to put less than that amount in their cash Isa may put the balance of their allowance in a stocks and shares Isa. 

Do not forget one of the golden rules of Isa investing – if you do not use it, you lose it.