How much can I put in my ISA and pension 2025?
Hi everyone,
I've recently started getting more serious about investing and saving for the future, but I'm a bit confused about how much I can actually put into my ISA and pension for the upcoming tax year.
I know the ISA limit is £20k, but does this reset in April 2025? Also, I've heard something about pension limits changing but I'm not sure what the new rules are.
I'm 29 and earning £45k if that makes any difference. Currently only putting about £200 a month into my workplace pension but thinking I should probably do more. Would really appreciate if someone could explain the basics of what I'm allowed to contribute to each! Thank you.
1 Answer
Yes, you're right about the ISA limit! The ISA allowance for the current tax year (2025/26) is £20,000 and it does reset each April - so you get a fresh £20k allowance every 6th April.
For pensions, the good news is the annual allowance is £60,000 for 2025/26 - this covers all contributions (yours, your employer's, and tax relief combined). On your £45k salary, you could theoretically contribute up to your full earnings if you wanted to max out tax relief, but practically speaking you're nowhere near hitting the £60k limit.