Overview
- Savers must use up to £20,000 of ISA allowance by 11:59pm on April 5, and many are told to act by April 3 because the bank holiday can delay payments.
- Nationwide introduced new fixed-rate ISAs and bonds offering up to 4.5% interest, Halifax sent deadline letters, and Monzo posted tax-year reminders to nudge last-minute deposits.
- Any allowance left unused at the cut-off cannot be carried forward, so missing the window means losing that tax-free shelter for good.
- From April 2027, the cash ISA cap for under‑65s will drop to £12,000, which is set to push more savers toward investment ISAs for the remaining allowance.
- Advisers highlight a 'bed and parking' option that lets people move cash into a stocks and shares ISA now and decide where to invest later, a tactic some are using in volatile markets.