Your 2023/24 ISA allowance runs out in

23

days

12

hours

17

mins

03

secs
ISA allowance for 23/24
Tax-free
£8.2k / £20k
Cash ISA
£5,400
Stocks & Shares ISA
£2,800
Get Started

Eligible deposits are protected under Financial Services Compensation Scheme up to £85,000.

When investing your capital is at risk. The value of your investment can go down as well as up and you might get back less than you originally invested. Chip does not provide financial advice or tax advice. Tax treatment depends on individual circumstances and may be subject to change in the future. ChipX subscription required to invest in the Chip Stocks & Shares ISA.

Use your allowance before you lose it.

REACH YOUR LIMIT.

The end of the tax year is nearly here. Once your 2023/24 ISA allowance expires, you won’t get it back.

Building wealth into an ISA means you avoid paying tax both now and in the future, so you’ll keep more of your returns. Easy.

Why ISAs are important

ON YOUR MARKS...

ISA stands for Individual Savings Account. The main difference between an ISA and any other savings account is that it offers tax-free interest (or tax-free returns for investing).

You can save and invest up to £20,000 per tax year across your ISAs (known as your ISA allowance). Use our calculator to see how much money and tax you could save in five years with Chip’s Cash ISA.

Utilising your allowance and its tax-free benefits can help you get your wealth ‘marathon-ready’, and not slow yourself down with unnecessary tax in the future.

Deposit up to £20,000

GET SET, GO!

Open an ISA and make a deposit in just a few minutes. Whether it’s a tax-free Cash ISA, or a Stocks & Shares ISA (or both), now’s your last chance to make the most of this tax year’s £20,000 annual ISA allowance with Chip before you lose it.

Chip Stocks & Shares ISA
Popular
15 Investment funds
Keep more of your returns.
Access to 15 curated funds.
Managed by some of the biggest asset managers in the world.
Stocks & Shares ISA
Chip Cash ISA
Market-leading
5.10% AER
5.10% AER (variable tracker).
Interest paid monthly.
Tax-free. Keep more interest in your in your pocket.
Chip Cash ISA

ALREADY AT THE
FINISH LINE?

If you’ve already used your ISA allowance this tax year, or hold your ISAs elsewhere, your allowance renews on Saturday April 6th 2024.

Keep track of your long-term wealth all in one place by opening an ISA with us, or transferring an ISA into Chip from a previous tax year.

Stocks & Shares ISA Transfers

Available now

Cash ISA Transfers

Coming soon

Limit resets April 6th, 2024

Set a reminder?
£20,000
Tax-free

FAQs

When is the last chance to deposit?

Your last chance to deposit into our Stocks & Shares ISA by bank transfer is at 23:00 on Wednesday 3 April.

Your last chance to deposit into our Cash ISA by bank transfer is at 23:00 on Friday 5 April. On rare occasions bank transfers can take up to 2 hours to arrive from your bank, so you might want to deposit earlier in the day to ensure your deposits land in time. Chip has no control over outgoing checks or delays from your bank. 



Please note: If you deposit via debit card you need to deposit into your ISA by 23:00 Tuesday 2 April for your deposits to clear in time. We would always suggest using bank transfer where possible to ensure the best experience.

What’s an ISA?

ISA stands for Individual Savings Account. This account is ‘tax efficient’, meaning you don’t pay tax on any interest or returns you earn on the money held in your ISA. You can open one in a few minutes. Every adult in the UK has an annual allowance of £20,000 per tax year (April 6 to April 5 the following year).

Think of an ISA like a box that allows you to put savings or investments into it. The box is then wrapped up (you’ll often see the term ‘tax wrapper’) to protect your earnings from tax.



Chip has both a Cash ISA and a Stocks & Shares ISA, allowing you to build tax-free wealth the way that works for you.

What’s the difference between a Cash ISA and a Stocks & Shares ISA?

With a Cash ISA your money generates savings interest, much like a regular savings account. The key difference is that your savings interest earned in an ISA won’t be liable for any UK tax in the future (within the ISA limits and rules).

A Stocks & Shares ISA means your money is invested in the stock market and aims to provide a greater potential return through dividends and capital appreciation (the value of your investment going up). Any potential gains or dividends earned from your investments are protected from UK tax. With investing, please remember that your capital is at risk and the value of your investments can go down as well as up.

Why do ISAs matter?

All returns you earn within ISA accounts are free from tax (you’ll often see ISAs described as tax-efficient).



For cash savings, there is a limit on the interest you can earn tax-free (known as your personal savings allowance) but with a Cash ISA you are always protected against this.

For investing, there are also limits to the amount of returns you can earn tax-free in a General Investment Account (GIA). With a Stocks & Shares ISA, you don't have to pay UK income tax or capital gains tax on money you earn from your investments made through your ISA.

What is the Personal Savings Allowance?

Your Personal Savings Allowance is the amount of interest on your savings you can earn tax-free. If you earn more than £1,000 for basic rate taxpayers (or £500 for higher earners), you could be liable to pay tax on this interest. With a Cash ISA, you don’t need to worry as your interest is tax-free regardless. So, more money stays with you, while avoiding the chore of any additional tax reporting in the future.

Can I have a Cash ISA and a Stocks and Shares ISA at the same time?

Yes you can. You can open and pay into one of each type of the four types of ISA in a tax year; these are Cash ISAs, Stocks & Shares ISAs, Innovative Finance ISAs and Lifetime ISAs. Please note that this is changing from April 6th 2024.

Please note: your £20,000 ISA allowance covers all your ISAs in a single tax year. E.g you could pay £10,000 into a Cash ISA and £10,000 into a Stocks & Shares ISA in the same tax year.

Still have questions?

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