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?
‘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 every year.
The last day of the current tax year (2025/26) is 5 April 2026. That’s the last day you can use up your annual allowances before they reset on 6 April.
Why does Tax Year End matter?
Tax Year End matters because it’s usually the last opportunity you have to use your annual ISA allowance, currently £20,000, and your annual pension allowance, currently £60,000. Not only that, but any newly announced financial rules usually take effect in the new tax year.
On 6 April 2024, the Capital Gains Tax (CGT) exemption was reduced from £6,000 to £3,000.
Your Tax Year End deadlines.
While 5 April might be the big date to look out for, many deadlines fall earlier that are good to be aware of.
If you want to make the most of your annual allowances this tax year, click the link below to find our key deadlines and our contact centre opening hours as the tax year draws to a close.
What are the annual allowances?
| Tax year | 2025/26 |
| 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* |
Read more: ISA allowances | SIPP contributions
Things to do before end of tax year
Our latest report reveals that over half (51%) of UK adults were particularly stressed when thinking about investing for their future.
Furthermore, 70% were hesitant to start or continue to invest due to the stress related to managing investments – but this doesn’t have to be the case. Below, we have our five-step checklist to get you on top of your investments before Tax Year End.
Top up your ISA
Make sure you’ve topped up your ISA and added cash before the tax year ends – even if you’ve not decided how to invest it. The key is to maximise your £20,000 allowance before it refreshes.
Build a nest egg
If you’ve got children, you can also open 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 make any last minute contributions. Pension rules let you roll over unused allowance from the past three years and claim tax relief. Check if you have unused years before you lose them.
Choose your investment account
Stocks & Shares ISA
Get tax-free investing all wrapped up with our award-winning ii ISA, from just £4.99 a month. Take care of your own investments or let us manage them for you.
Managed ISA
Let us manage your ISA for you. Save time, leave it to the experts and feel confident in your investment goals - all for a low monthly subscription.
Personal Pension (SIPP)
Invest in your dream retirement with our three-time Which? Recommended Self-Invested Personal Pension (SIPP). It’s pension peace of mind from just £5.99 a month.
Get a cashback boost with ii
Put a spring in your step – enjoy up to £250 cashback when you join ii this April.
- £100 cashback when you open an ii ISA or Trading Account
- £250 cashback when you open an ii Personal Pension (SIPP)
Offer ends 30 April 2025. New customers only. Minimum deposit required. Subject to holding period. Terms and fees apply.
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