Paying money into an ISA
Paying into an ISA is called subscribing. You can subscribe to one of each type of ISAs each tax year, providing between them you do not subscribe more than your annual ISA allowance. For the 2021/2022 tax year that runs from the 6th April 2021 to 5th April 2022 your annual allowance is £20,000.
To subscribe to a cash ISA you must:
- Be aged 16 or over
- Be a UK resident for tax purposes
- Have not subscribed to another cash ISA in the same tax year
Help to Buy: ISA is a type of cash ISA and we allow you to pay into both a Ulster Bank regular cash ISA and a Ulster Bank Help to Buy: ISA during the same tax year, providing between the two you do not exceed your overall annual ISA allowance. You can pay into both, as we count them as one overall cash ISA subscription.
With a Help to Buy: ISA you can pay in up to £200 per calendar month. Any amount paid into a Help to Buy: ISA counts towards your overall annual ISA allowance.