New tax year, new allowances

Today is the start of the new tax year, which means your new tax allowances are ready to use.

In the 2019/20 tax year you can invest:

  • £20,000 into an ISA
  • £4,368 into a Junior ISA
  • Up to £40,000 into a pension

Kick off the new year with a financial review

Why not get the new tax year off to a flying start by booking an initial consultation with a financial planner? During your consultation a Tilney financial planner can talk to you about your existing investments, your plans for the future and how we could help you achieve them. It won’t cost you anything and there is no obligation to sign up for any services but if you do decide it’s time to do things differently, we can show you how Tilney can help.

Book a consultation

Ideas to give you inspiration this tax year

Tax-efficient investing

For an in-depth look at tax-efficient investing, download our guide that covers simple options such as ISAs through to VCTs and other ideas for more experienced investors.


If you’d just like to open an ISA or a SIPP, why not try our award-winning accounts available through Bestinvest?

Pension planning

We have guides on a range of pension topics such as the pension lifetime allowance, pension carry forward and making the most of your pensions.

Options for children

Our Investing for children guide sets out the different ways you can invest on behalf of children whether you want to set up a discretionary trust or are looking for more simple options.


Did you know you can open a Junior ISA or a SIPP for children with Bestinvest?

If you’re thinking of giving a financial gift, we have a guide on this too. It covers the rules and how you can give away money and manage Inheritance Tax. Download

We’re here to help

If you would like to speak to us about anything in this article or your investments in general, we’re here to help. Just email or call us on 020 7189 2400.

Important information

The value of your investment can go down as well as up, and you can get back less than you originally invested.

This article does not constitute personal advice.  If you are in doubt as to the suitability of a product/investment please contact one of our advisers.

SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t
think you will make use of the investment choices that SIPPs give you, then a SIPP might not be right for

Recent articles


We use cookies to provide the best experience when using our website. See our cookie policy for more information.