Can someone else pay into my ISA?
No, someone else can't pay into your ISA - at least not directly.
The ISA rules, set by HMRC, say that contributions to an ISA must be made with your own cash. You can add cash to your own ISA using a debit card or transfer from a bank account in your name - or a joint account you own.
This means that someone else can’t directly add cash to your ISA.
The exception to this rule is a Junior ISA which can accept cash from anyone. Provided there is enough Junior ISA allowance remaining.
What if I need to pay into someone else’s ISA?
If you are looking to pay cash into someone else’s ISA, you can send them the cash first to their bank account, and they can then make the contribution using their bank account or debit card.
Your chance to win £100k.
Open an ii ISA by 31 July 2024 to be in with a chance of winning our biggest ever cash prize: £100,000.
How to enter the prize draw:
1. Open your ii ISA
- You can open either a Self-managed or Managed ISA. Junior ISAs aren’t included.
2. Make a payment or transfer
- Add £5,000 or more to your account to qualify for entry. Transferring an ISA to your new ii ISA counts too.
3. We’ll automatically enter you
- Top tip: open and add the minimum amount to another ii account and you’ll get another entry.
The lucky winner will be chosen at random within a month of the closing date. So keep your fingers crossed and eyes peeled for updates.
Capital at risk. Terms apply.