New UK Tax Year: Your 2026/27 Allowance Checklist
Every UK tax allowance just reset to zero. You have twelve months to fill four of them. The one most savers skip is worth more than the other three combined.
2026/27 UK tax-free allowances
Use it or lose it: every allowance reset to zero on 6 April 2026.
Key takeaways
The 2026/27 tax year started on 6 April. Every allowance has reset to zero usage, giving you a full 12 months to fill them.
ISA allowance is £20,000. Pension annual allowance is £60,000. Both shelter your investments from income tax, capital gains tax, and dividend tax.
The capital gains tax annual exempt amount is just £3,000 and the dividend allowance is £500 - use your ISA and pension wrappers to avoid these limits entirely.
The Personal Savings Allowance lets basic-rate taxpayers earn £1,000 of interest tax-free (£500 for higher-rate). Cash above that threshold is better moved into an ISA.