New UK Tax Year: Your 2026/27 Allowance Checklist

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.