Stocks and shares ISA centre

ISA Allowance

What is the 2016/2017 ISA Allowance?

This tax year you can invest up to £15,240 in an ISA (6th April 2016–5th April 2017).

You can split this allowance any way you like between a stocks and shares ISA, a cash ISA and an innovative finance ISA, however you can only contribute to one of each per tax year.

For the next tax year, which begins on the 6th April 2017, the ISA allowance will be raised to £20,000.

If you invest more than the ISA allowance in your Nutmeg account any investments beyond the ISA allowance will be treated as a general investment account and not be sheltered from tax.

Combined Cash and Stocks and Shares ISA limit

Nutmeg does not offer Cash ISAs

Contribute up to

Tax year


2016/2017, from 6th April

Different options for managing your ISA allowance

You can put your full ISA allowance into your Nutmeg Stocks and Shares ISA.

Or you can divvy up money between a Cash or innovative finance ISA elsewhere and your Nutmeg Stocks and Shares ISA in any combination you wish, so long as in total you don't contribute more than £15,240.

ISA allowance chart

Withdrawing from an ISA 

You can take money out of your Nutmeg ISA whenever you want. You should remember, however, that when you withdraw money from your ISA, that part of the allowance remains used. This means, for example, that if you reach the ISA limit and then make a withdrawal, the money cannot be put back in. From 6th April 2015 you can take money out of a Cash ISA and put it back in without losing that part of your allowance, provided you put it back in the same tax year. But this doesn't apply to Stocks & Shares ISAs.