Tax Year End 2025/26
Each year, you have an allowance you can use to maximise the tax efficiency of your savings. But the countdown to the end of the tax year – 5 April – is on.
As investment values can go down as well as up, you may not get back all the money you invest. If you’re unsure if an investment account is right for you, please speak to an authorised financial adviser. Tax treatment depends on your individual circumstances and may be subject to change in the future.
What is Tax Year End and why does it matter?
‘Tax Year End’ simply means the end of the tax year. And thanks to a centuries-old UK accounting tradition, it falls on 5 April. The final day of the current tax year (2025/26) is 5 April 2026.
Tax Year End matters because it’s usually the last opportunity you have within the tax year to make full use of your key allowances - including your ISA allowance (£20,000) and your pension allowance (up to £60,000) - before they reset on 6 April. Using these allowances can help you save and invest more tax‑efficiently.
Not only that, but any newly announced financial rules usually take effect in the new tax year.
Your Tax Year End deadlines.
While 5 April might be the big date to look out for, there are other important deadlines that fall earlier.
If you want to make the most of your annual allowances this year, check our key deadlines and our contact centre opening hours as the tax year draws to a close.
What are the annual allowances for 2025/26?
Each tax year, you have a set of allowances. These allowances reset on 6 April, and any allowance you don’t use before the end of the tax year is lost.
| Allowance | Amount |
| ISA subscription limit | £20,000 |
| Junior ISA (JISA) subscription limit | £9,000 |
| Personal Pension Annual Allowance limit | up to £60,000* |
| Personal Pension Money Purchase Annual Allowance (MPAA) | £10,000 |
*Some higher earners may have a reduced pension annual allowance due to the tapered annual allowance.
Read more: ISA allowances | SIPP contributions | Junior ISA allowances
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Tax Year End checklist: key things to do before 5 April
Our latest research revealed that over half (53%) of UK adults felt overwhelmed when thinking about investing in their future. Getting organised before Tax Year End can help you make the most of your allowances. Here are our top tips to help you before the end of the tax year.
Use your annual ISA allowance
Make sure you’ve topped up your ISA before the tax year ends - even if you’ve not decided how to invest it. The key is to use your £20,000 ISA allowance by adding cash into your ISA before it resets on 6 April.
Pay into a Junior ISA
If you’ve got children, you can save up to £9,000 each tax year in a Junior ISA and begin saving for when they turn 18. This can help with those big future expenses like university, or their first car.
Make pension contributions
Tax Year End is a good time to reassess your pension and consider any last minute contributions. Money added before 5 April can help maximise your retirement savings and qualify for tax relief.
Use your Capital Gains Tax (CGT) allowance
If you hold investments outside tax-efficient accounts such as ISAs or pensions, you might be able to sell some of them and realise gains within your £3000 annual CGT allowance before it resets at the end of the tax year.
Smart ways to use your allowances efficiently
Bed & ISA
A Bed & ISA lets you sell investments in a trading account and rebuy them within your ISA. This helps bring more of your portfolio into a tax‑efficient wrapper.
Reduce your CGT
Learn strategies to reduce the amount of CGT you might pay and make your investments more tax‑efficient.
Bonus sacrifice
Learn how putting part of your bonus into your pension can reduce tax while increasing your long‑term savings.
Carry forward
Carry forward lets you make use of unused annual allowances from the previous 3 tax years once you've maximised the current tax year's allowance.
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Important information: The ii SIPP is for people who want to make their own decisions when investing for retirement. As investment values can go down as well as up, you may end up with a retirement fund that’s worth less than what you invested. Usually, you won’t be able to withdraw your money until age 55 (57 from 2028). If you’re unsure if a SIPP is right for you, please speak to an authorised financial adviser.
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