Answers · UK 2025/26
Can I pay into both an ISA and a Lifetime ISA in 2026/27?
Yes. The overall ISA allowance for 2026/27 is £20,000 across all your ISAs combined. You can put up to £4,000 into a Lifetime ISA (earning a 25% bonus, up to £1,000) and the remaining £16,000 into a cash or stocks and shares ISA. The £4,000 LISA limit counts towards the £20,000 total.
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For 2026/27 you have a single overall ISA allowance of £20,000 that you can split across different ISA types in the same tax year. A Lifetime ISA (LISA) lets you save up to £4,000 a year, and the government adds a 25% bonus, so a full £4,000 contribution earns £1,000 free, up to age 50. Importantly, the £4,000 LISA contribution counts towards your £20,000 overall limit, so if you pay the maximum £4,000 into a LISA you have £16,000 left to spread across cash ISAs and stocks and shares ISAs. You can hold and pay into several ISA types in the same year as long as the combined contributions do not exceed £20,000. A LISA can only be opened between ages 18 and 39, and the funds must be used either to buy a first home worth up to £450,000 or for retirement from age 60. Withdrawing for any other reason triggers a 25% government withdrawal charge, which can leave you with less than you put in. A Junior ISA is separate, with its own £9,000 limit for under-18s, and does not use the adult £20,000 allowance. Use the ISA calculator to plan how to split your £20,000 and project the LISA bonus over time.
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This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.