Overview
- The new tax year, which began Monday, gives under‑65s a final 12 months to use a £20,000 cash ISA before the limit falls to £12,000 in April 2027.
- The overall ISA allowance stays at £20,000, with under‑65s from 2027 expected to place up to £8,000 into stocks and shares while those 65 and over keep a £20,000 cash limit.
- Coventry Building Society, which updated its range Sunday, launched loyalty fixed ISAs paying 4.35% to September 2027 and 4.40% to September 2028 for eligible members.
- Advisers say ISA allowances are use‑it‑or‑lose‑it and recommend parking money as cash inside a stocks and shares ISA to lock in the allowance, then investing later, and using formal ISA transfers to preserve tax protection.
- The Personal Savings Allowance remains £1,000 for basic‑rate taxpayers and £500 for higher‑rate payers, so higher interest and frozen tax thresholds are pushing more savers to shield interest inside ISAs.