ISA Allowance Suggestion

The current tracking function for ISA deposits is great, a nice visual and creates a safety barrier to prevent putting in more than £20K across Cash ISA and S&S ISA.

The limitation however is it only tracks T212 ISA deposits.

A lot of people will have a LISA, which T212 do not offer, and as we know (or should know) LISA contributions account for the £20K annual ISA allowance.

The problem:

Someone who deposits into a LISA has to manually track those deposits, which could easily lead to accidentally going over the £20K allowance.

My solution: Add functionality to have a manual input where users can manually enter in a figure, say £3,000 which displays as an “External LISA Contribution” or similar, but the amount entered here will then be taken into account by T212. So in that example, T212 will display only £17K allowance remaining.

Obviously it would still be on the user to enter the amount correct, but at least it will be some sort of prevention method.