always good to meet your ISA quota for the year while we all still have such a quota.
Never know when the limit might be reduced or even possibly increased into/across tax years lately.
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Just started here about a month back and have around Ā£1200. My ISA has, up until now, always been with AJBell (mostly invested in funds). Decided to open 212 ISA next year to invest in Investment Trusts - big appeal is obviously the reduction in platform and trading costs.
To be honest, the ISA limit of 20k is more than enough for anyone.
what the appropriate limit is will remain debatable. I donāt get to fill mine so the point is moot. there are people who would think Ā£25000 is appropriate and others who would demand it be lowered to less than Ā£10000.
I think the limit is so high because the people who decide them have pretty hefty pay checks, so itās of great interest to them to have a big tax free account. Ā£20,000? You must be on a huge salary to fill that, or extremely frugal
Itās also people with large paychecks who decide the limit should be lower because they canāt capitalise on it much and it ālooks goodā to the poorest who canāt save anything, if they vilify people who can put aside for these investments as ānot paying their due taxesā instead of answering questions about why they get paid so much to do nothing.
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Bit of a flat/irregular heartbeat there!
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not sure if thatās a sign of life, or the remaining signal blips that continue on for a short while after passing. 
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You must be on a huge salary to fill that, or extremely frugal
Iām a Basic Income Earner - maxed out 20K last year; so far 16K filled in this tax year. Iām adapting a minimalist lifestyle and hustling hard on OT, working unsocial hours; already planning my next moves next tax year to push even higher.
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Many people donāt understand that its not what you earn that counts its how much of it you spend
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This is so true!
Iāve definitely been caught up in the whirlwind sometimes and I look back and cringe thinking of how much was wasted on stuff that meant nothing.
Cars are a big one. Granted they can be fun, the money just drips away over time 
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Oh thatās deep. Hit me like a wrecking ballš¤£
Thatās why I only buy classic cars now, atleast they donāt lose any money
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I get the sentiment but theyāre not mutually exclusive: both earnings amount and savings rate matters.
they did not even raise ISA limit since 2017 it is long overdueā¦ and the usage of anyone here is unfortunate. I know almost everyone around me at least in workplace is able to fill this, and no we are not cigar smoking thigh slapping rich bustards that snort coke after filling the ISA.
Myself I donāt even own a car for instance, I donāt have sky subscription and I cannot tell the difference between Ā£12 wine and Ā£100 wine 
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Hey Guys ,
thats my Pie 
, started in September LOL
hope my returned is high enough 
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Howās that? If you earn 10k a year and donāt spend any rather than earn 100k a year and spend all of it?
The point Iām making is rich people that donāt save are as likely to fail in investing as poorer people. Whatever funds you can allocate to your future now, do it! Time is nobodyās friend, it doesnāt care if your rolling around in all your money or struggling to put away Ā£10 a week. The end result is whatās important.
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The other issue is people who make Ā£100,000 and spend most of that, will likely want to match that lifestyle. So theyāll need to invest 10x the amount of the person who makes Ā£10,000, meaning both need to save the same percentage of their income
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I too believe the 20k limit is high enough, it would likely be out of reach for the majority as the national average earnings would confirm.
Any higher would be of no use right now as we need the higher earners to spend some money or we wonāt have an economy to invest in.
I agree that we are talking about taxing money thatās already been taxed but then thatās what vat is anyway?
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