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Max your tax-free allowance

Our ISA Hub has the tips and insights you need to grow your savings tax‑free.

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When it comes to your financial future, every penny matters

Our ISA specialists are up to the challenge of helping you make more of your money.

  • For goals big and small, using your annual ISA allowance could turn your hopes into reality.
  • Whether you're choosing your first ISA, transferring existing savings or planning for the end of a fixed term, we're here to help you make informed decisions about your money.
  • You have until 5 April 2027 to make the most of your £20,000, 2026/27 ISA allowance. But when that deadline passes, it’s gone.
  • And with rule changes set to arrive after that, it starts to get a bit more complicated.

The good news? We’ve got lots of options and support to help you.

What is an ISA?

It stands for Individual Savings Account, and it’s a simple way to save or invest your money without paying tax on the returns.

Depending on your situation, you might pay tax on the interest or investment returns you earn. Inside an ISA, your tax bill is £0.

You can use this tax year's £20,000 ISA allowance with Skipton to:

Save in a Cash ISA

These are savings accounts with tax-free interest. We offer different Cash ISAs to suit different savings goals and access needs.

Invest into a Stocks and Shares ISA

This is where you invest your money into funds. The value of your investment can rise and fall, but over the long-term this option offers the potential of higher returns compared to Cash ISAs.

Save and invest

For the 2026/27 tax year, you can use your annual £20,000 ISA allowance in either type of ISA. Or mix it up by spreading your allowance over both.

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There are other types of ISAs available to suit different goals.

Not all ISAs are the same. Find your ISA match.

Different ISAs work in different ways. Answer a few quick questions to see which type of ISA could work for you.

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Not sure which ISA is right for you?

That’s normal. You don’t need to decide this on your own. We offer Cash ISA tax-free savings strategies or personalised advice on Stocks and Shares ISAs.

Our ISA options

Can I transfer my ISA?

Yes. If you have ISA savings elsewhere, you don’t need to start again. We’re happy to check if they could be doing more for you – without losing the tax benefits.

Our ISA transfers explained page has more information on moving ISAs. Better still, get in touch to chat through your options.

Is your fixed rate Cash ISA coming to an end?

If your fixed rate Cash ISA is nearing the end of its term (known as maturity), you'll usually have several options available, including moving your money to a new ISA or withdrawing your savings.

If you have a Cash ISA with Skipton, we'll contact you before it matures so you have time to consider what could work best for you.

ISA rules are set to change

From 6 April 2027, the amount you can save into a Cash ISA is set to change for some people. This might impact how you plan for the future.

  • If you'll be under 65 throughout the tax year, your annual ISA allowance will still be £20,000, but you'll only be able to save up to £12,000 in Cash ISAs.
  • If you turn 65 at any point during the 2027/28 tax year, you're expected to qualify for the full £20,000 Cash ISA allowance from that tax year onwards.
  • You'll still be able to invest up to £20,000 each tax year into a Stocks and Shares ISA.
  • If you're 65 and over, your Cash ISA allowance stays at £20,000.

ISA transfer rules are also set to change

From 6 April 2027, if you're under 65, you won't be able to transfer money from a Stocks and Shares ISA (or other non-Cash ISA) into a Cash ISA. If you're 65 and over, these transfers are still allowed.

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In-app ISA Transfers

Did you know you can start an ISA transfer directly in the Skipton app? Simply select ‘ISA Transfer’ and we’ll guide you through each step.

What the ISA changes could mean for your savings

Cash ISAs are still a great way to save for your future goals. But, from 6 April 2027, if you're under 65 and can afford to save more than £12,000 each tax year, you may want to mix things up by saving into a Cash ISA and investing through a Stocks and Shares ISA.

We're here to help you understand your options, including whether it's worth speaking to a financial adviser about areas like pension planning and investments.

Proposed ISA changes in a nutshell

  • Under 65? You'll be able to save up to £12,000 each tax year into a Cash ISA from 6 April 2027.
  • You'll still have a total ISA allowance of £20,000.
  • You'll still be able to invest up to £20,000 in a Stocks and Shares ISA.
  • If you're 65 or over, your Cash ISA allowance stays at £20,000.

Our ISA allowance checklist – what to do for the 2026/27 tax year

Get on the front foot

The tax year starts on 6 April. The sooner you use your allowance, the sooner your savings could be working harder for you.

Review your existing ISAs

If you have savings elsewhere, now's a good time to check whether they're still wording as hard as they could be.

Save as much as you can, while you still can

If you're an adult under 65, it's more important than ever to make full use of your annual ISA allowance - before the amount you can save into a Cash ISA goes down.

Consider money advice

We offer free money advice on your savings with a My Money Review.

Challenge our ISA specialists to build a brighter future for your money

Since 1999, we’ve helped our members use ISAs to create stronger plans towards helping them achieve their goals. Why not challenge us to do the same for you?

Investing usually gives you better returns than a savings account over time (five years or more). But the value of your investments can go up and down, so you could get back less than you put in.

Any tax you pay on your investments and savings depends on your own situation – and rules could change.

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More information about ISAs