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Must know: Halifax alerts prospects to essential ISA deadline and upcoming modifications
- Halifax has warned prospects they’ve till 11.59pm on April 5, 2026, to make use of their £20,000 ISA allowance earlier than it resets.
- This deadline is especially essential because it represents one of many last alternatives to speculate the total quantity completely right into a money ISA. From April 2027, Chancellor Rachel Reeves’ modifications will cut back the money ISA threshold to £12,000 for these underneath 65.
- The general ISA allowance will stay at £20,000, however the £8,000 distinction should go into different ISA sorts like shares and shares accounts.
- Halifax mentioned: “The tip of the tax 12 months is approaching, however there’s nonetheless time. You may have till 11.59pm UK time on April 5 to profit from this tax 12 months’s £20,000 ISA allowance earlier than it resets.”
- The financial institution can also be providing as much as £1,200 cashback for purchasers who switch present ISAs from suppliers exterior the Lloyds Banking Group by Might 31, 2026. Clients want a Halifax present account to obtain the cashback, which will likely be paid by September 30.
- Solely two alternatives stay to maximise the total £20,000 in a money ISA – this 12 months’s deadline and April 5, 2027.
READ THE FULL STORY: Halifax contacts prospects ‘to get £1,200’ because it points 10-day discover
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