We'll help you prepare for ISA Changes
Make the most of your ISA allowance
What's changing?
The Government’s Autumn Budget introduced some updates to ISA rules. From April 2027, the annual cash ISA limit will reduce to £12,000 for people under 65. The overall ISA allowance will remain at £20,000, with £8,000 reserved for stocks and shares ISAs.
And here’s some good news: if you’re 65 or over, you’ll still be able to save £20,000 in a cash ISA, giving you flexibility for your future plans.
Why ISAs remain tax-efficient
If you earn over £1,000 in interest on your savings in a tax year, you might face an unexpected tax bill by exceeding your Personal Savings Allowance (PSA). For higher rate taxpayers, this allowance drops to £500. Knowing these limits can help you plan your savings more effectively and avoid any surprises when it comes to paying tax on your savings. Any interest earned on balances held in an ISA doesn’t count towards your Personal Savings Allowance, making ISAs a valuable tool in your savings plan.
Make the most of your ISA allowance
Interest earned in a cash ISA is completely tax-free and doesn’t count towards your Personal Savings Allowance. This helps you avoid unexpected tax bills and keep more of your money working for you. By saving with us, you’re also helping support your local community.
What can you do now?
The current cash ISA allowance remains at £20,000 until April 2027. We’re here to help you plan ahead so your money keeps working hard – now and after the changes.
Talk to us
Don’t miss out on the opportunity to save more and pay less tax! Whether you need easy access to your savings or want to put your money to work for the longer term, we have ISAs to suit your goals. Find out more about our ISA range here.
Our colleagues are on hand to help with any questions, in branch or by calling 01858 412412.
