Could you maximise your savings allowance before ISA tax year end?

The ISA tax year is coming to an end, but could you still stretch your savings success?

If you have an Easy Access or Fixed Rate Cash ISA with us, now’s a good time to check your savings and consider topping them up.

ISA deadline 2025

In the current tax-year you have a £20,000 total ISA allowance which runs 6 April to 5 April¹. But, you can’t keep any of this year’s allowance to use next year. If you don’t use the full allowance from the government this year before the ISA deadline you’ll lose it.

Should you decide to top up your account and maximise your full allowance, your account won’t close at the end of the tax year - it’ll help you save tax-free for as long as you keep the money in your ISA.

Can I open multiple ISAs?

ISAs are a great savings option as they give you flexibilty to pay into a combination of ISAs that make up your full allowance. You can choose from four types of ISAs which include Cash ISAs, Lifetime ISAs, Stocks and Shares ISAs, and Innovative Finance ISAs. We currently offer a range of Cash ISAs.

It’s worth checking whether your provider accepts multiple ISA products with them under the same ISA umbrella.

If you’re planning to save the maximum £20,000, you could open a Fixed Rate Cash ISA with us and deposit £10,000, and also an Easy Access Cash ISA with £10,000, allowing you to save in the way that suits you best across our different types of account.

Has the Autumn Budget reduced my allowance?

No, the Autumn Budget announced changes to the Cash ISA allowance from April 2027 only. You can still top-up your ISA and use your £20,000 allowance to get the full benefit that’s available to you before the end of this tax year.

Find out more information on what the recent budget changes mean for your ISA allowance from April 2027.

Want to talk about topping up your ISA? You can always contact us for support or pop into your local branch to find out more.

¹ Individual Savings Accounts (ISAs): How ISAs work - GOV.UK

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