junior cash isa rates

You are only allowed to open one new cash ISA per tax year so if you opt for a 5-year fixed rate ISA for example you will not be. In the 20212022 tax year a tax year runs from 6 April to the following 5 April you can deposit up to 20000 into a cash ISA.

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This means that the most you can pay into a cash ISA in any tax year is 20000.

. If you do this. In the 202122 tax year the ISA allowance is 20000. You can choose to use your ISA allowance in a cash ISA a stocks shares ISA an innovative finance ISA a lifetime ISA which has a lower limit of 4000 or any combination of the four as long as you dont exceed the annual allowance.

All You Need To Know About Junior Isas

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