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Is there a maximum I'm allowed to pay into my account?

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Written by Michael Devine
Updated over a year ago

There's no maximum amount you can pay into an AJ Bell Dealing account, but maximums do apply for ISA, LISAs and SIPPs.

  • What's the maximum amount I can pay into an ISA or LISA?

The maximum you can pay in across most types of ISA under the current rules is £20,000 a year. But keep in mind, the maximum you can pay into a Lifetime ISA is £4,000 per year (as part of your overall £20,000 allowance).

ISA, LISA & tax rules apply and you can find out more about your ISA allowances on our website.

  • What's the maximum I can pay into a SIPP?

If you're a UK resident under the age of 75, the general rule is that, each tax year, you can pay in 100% of your earnings to your pension, up to a maximum of £60,000. And you’ll receive tax relief from HMRC on your contributions.

For example: If you earn £30,000, you should be able to contribute £30,000 gross to your pension. Of this, £24,000 will be your own money, and the taxman will add basic-rate (20%) tax relief of £6,000.

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