I know I want to put most of it in a stocks and shares Isa but it's more than the current £20,000 allowance. A stocks and shares Isa is a great way to protect this money from tax, but as you say the current Isa allowance is £20,000 per year. While you can have more than one stocks and shares ISA, you can only contribute money to one Stocks and Shares ISA each tax year. > Read our full guide to stocks and shares IsasThis means you could open a new stocks and shares Isa each year. Of course, you will soon have a new Isa allowance you can take up in a few weeks, from 6 April.

Source: Daily Mail March 18, 2023 11:14 UTC