Cash ISA Allowance Cut to £12,000 From April 2027: How Under-65s, Over-65s and Stocks and Shares Savers Are Affected
From 6 April 2027 the Cash ISA allowance for under-65s falls to £12,000. Over-65s keep £20,000. The remaining £8,000 must go into investment-type ISAs. A 1 penny rule may let savers avoid a 22 percent charge on cash held in stocks and shares ISAs.
ISA Allowance 2026-27: How to Make the Most of Your Tax-Free Savings
The ISA annual allowance remains £20,000 for 2026-27. Cash ISAs, stocks and shares ISAs, innovative finance ISAs, and lifetime ISAs all count toward the same £20,000 limit. Here is how each type works and the key rules.
Lifetime ISA Explained: How Two People Under 21 Can Build a House Deposit With the Government Bonus
A Lifetime ISA can be opened at age 18 and pays a 25% government bonus on contributions up to £4,000 a year. For two savers under 21 buying their first home together, that can mean £2,000 a year of free money toward a deposit.
