Happy Friday & Happy New Tax Year!
The start of the new tax year began on the 6th April, here are 5 things to consider (if you haven’t done so already!)
Your Use It Or Lose It Reminder
The reset button just got pressed on your annual £20,000 ISA allowance.
This means that you can now save and invest a further £20,000 across your ISA accounts for the 2026/27 tax year.
Remember, this is a use it or lose it allowance. If you don’t use it, you lose it. There is no ability to carry forward unused allowances, so don’t forget you have this tax free savings allowance available, you’ve been warned!
Last Chance For Cash ISAs
This is your last chance to save the full £20,000 into a Cash ISA account for those under the age of 65.
As at the Autumn Budget 2025, Rachel Reeves announced she would slash the allowance from £20,000 to £12,000 per tax year, this comes into effect in the 2027/28 tax year.
You Can Have Multiple Accounts
ISA rules have become much more friendly in recent years, this is a reminder that you don’t have to be stuck with one provider for any given ISA type for the year.
If you wanted to you could open two stocks and shares ISA accounts to test different providers - just make sure you don’t exceed your £20k allowance!
This is your responsibility to check!
Equally, if a Cash ISA provider pops up mid-year with a more attractive rate, you can make the switch if you want too.
Don’t feel wedded to one provider, I’m always on the look out for better Cash ISA rates and lower fees for my Stocks ISA, you should be too!
Don’t Forget The Kids
I recently opened a Junior ISA for my son, my plan is to invest a little bit each month for him for the next 18 years and hope he really loves me after I hand him the balance on his 18th birthday.
Anyway, this is a reminder that this is separate from the adult £20,000 ISA limit, and you get an additional £9,000 ISA allowance per child.
It’s a great way for parents or grandparents to build tax free savings for children that they can’t touch until they turn 18.
Compare Your Providers
Checking all the Stocks ISA providers, the fees they charge, what interest they offer, their trust pilot scores and all that jazz takes AGES.
Trust me I know, I spent hours researching all of them across 12 different categories.
To save you the time, I made a video comparing the best stocks and shares ISA providers in 2026, check out this video I made here:
When investing your capital is at risk. The value of investments can go down as well as up. Past performance isn’t necessarily indicative of future result.
Stocks & Shares ISA Platforms I Use ⭐️
Trading 212: https://www.trading212.com/join/MITCH
Get FREE fractional shares worth up to £100 using the link above or use PROMO CODE MITCH. When investing, your capital is at risk. Terms and Conditions Apply. Sponsored Link.
Lightyear: lightyear.com/mitch
Use code MITCH to get between £10 and £100 in a fractional share or ETF in your General Investment Account. T&Cs apply. Capital at risk. ISA rules apply. Promotional terms apply.
Have a question? Want to discuss another topic? Provide some feedback? Please don’t hesitate to reply to this email, I promise I will get back you.
Have a great weekend.
Mitch 👊
