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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.

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.
  • You have until 5 April 2026 to make the most of your £20,000, 2025/26 ISA allowance. But when that deadline passes, it’s gone.
  • You’ll have a new £20,000 ISA allowance available for the 2026/27 tax year, then 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 your £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 2025/26 and 2026/27 tax years, 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.

Our members get more

Literally. Unlock more tax-free interest by opening our Member Annual Allowance Cash ISA. But only if you're a member.

Member Annual Allowance Cash ISA
Couple sitting in a Skipton Branch

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.

Our ISA challenge checklist – what to do before 5 April 2026

Jot down your money goals

Short-term aims like going away this summer. Medium-term targets like buying your next car. All the way through to long-term ambitions like retirement. Knowing what you’re working towards helps shape the right approach.

Look at your current plans

You may have savings earning a low rate of interest that could be doing more for you. Especially as interest rates have gone down in recent times.

Check how much of your 2025/26 ISA allowance you've used

You can't keep it after 5 April. So if you don't use it, you lose it.

See what we can do for you

Take a look at our range of Cash ISA options to see if they could support your needs. Prefer help? Book a My Money Review to get free money advice on building a Cash ISA strategy.

What are the new ISA rules?

From 6 April 2027, the amount you can save into a Cash ISA is set to change for some people.

  • If you’re aged 18-64, you still have an overall £20,000 annual ISA allowance. But you can only put £12,000 into a Cash ISA - that’s 40% less that you’ll be able to save, tax-free, in a Cash ISA each tax year.
  • 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.

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

Get on the front foot

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

Make sure you don't miss out

The ISA deals at the start of the 2026/27 tax year might not last forever. If you find a rate that appeals to you , it might be wise to take advantage while you can.

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?

Stock market-based investments aren't like savings accounts. Their value can go down or up and you may get back less than you invest. The tax treatment of savings and investments depends on personal circumstances. Tax rules may change in the future.

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