Money Lesson Couple

Use both, or lose one

One of you does the investing and shelters everything you save. The other has an account they opened years ago and never went back to.

A tax-free allowance belongs to a person, resets every April and cannot be handed over, so what does the second one being left alone cost?

Employment ISA Investments Expenses

Fill both allowances

3 Goals

The same monthly saving, but each of you shelters your own share in your own tax-free account first.

Try this plan

Employment ISA Investments Expenses

Fill one allowance

3 Goals

The usual habit: one of you shelters everything you can, and the other one saves in the open.

Try this plan

Fill both allowances Fill one allowance

Sheltering the same saving in both of your allowances instead of one leaves this couple ~£154.6k better off.