Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.
A healthy credit score has its benefits, so make sure you manage your debt correctly.
Discover the best travel insurance policy for your next trip.
Find current accounts offering in-credit interest rates up to 5.00% AER.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
A healthy credit score has its benefits, so make sure you manage your debt correctly.
Discover the best travel insurance policy for your next trip.
Find current accounts offering in-credit interest rates up to 5.00% AER.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
ISA season is a time when many providers offer their most competitive ISA rates in an attempt to entice customers looking to use up the last of their allowance before the end of the tax-year. Equally, providers may also be looking to attract ‘early-bird’ savers wanting to get their £20,000 ISA allowance invested quickly at the start of a new tax-year.
There are no set dates for ISA season; it typically occurs annually throughout March and April as one tax-year ends (5 April) and another begins (6 April). However, it can start as early as February depending on the state of the savings market and customer appetite.
ISA season is a helpful reminder to ‘use or lose’ the last of your annual allowance before the tax-year ends. Any remaining allowance can’t be carried across into the next tax-year, which means you could be missing out on the chance to maximise tax-free interest on your savings.
You can also enhance your savings during ISA season by capitalising on some of the attractive rates available. Even if you have an existing ISA, you could consider transferring it to a different provider offering more competitive returns.
When moving funds from one ISA to another, it’s important to use an ISA transfer to retain your tax-free benefits and to avoid using up your ISA allowance unnecessarily.
For more information, see our guide to transferring ISAs.
While anyone can open an ISA, those who’ll feel the most benefit are savers earning enough interest from a traditional savings account to breach their Personal Saving Allowance.
If you’re a basic-rate taxpayer receiving more than £1,000 in interest from savings per tax-year, or higher-rate taxpayer earning more than £500, an ISA is one way to protect your returns from tax.
Find out more about how your savings are taxed.
If you don’t already have an ISA, ISA season may be a good time to consider opening one, as you can take advantage of some of the attractive rates on offer. Furthermore, opening an ISA at the start of a tax-year, you’ll have the full financial year to use up your allowance.
However, competitive rates and their timings aren’t guaranteed. As it’s possible for providers to amend their offerings at other times of the year, it’s good practice to regularly review top rates.
Our dedicated ISA charts are updated regularly throughout the day to show you the best fixed, easy access and notice cash ISA rates currently available.
During ISA season, or any other time of the year, use our charts to compare the whole of the ISA market.
All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.
Send me Weekend Moneyfactscompare, Savers Friend, Companies Friend and selected third-party offers.
Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Find out the ISA rules and limits for the 2024/25 tax-year, and how they may impact your savings.
Find out the ISA rules and limits for the 2024/25 tax-year, and how they may impact your savings.
Cash ISAs and savings accounts have some key differences, including their tax implications and rules around deposits and withdrawals. Find out more here.
Cash ISAs and savings accounts have some key differences, including their tax implications and rules around deposits and withdrawals.
As part of the 2024 Spring Budget, the Chancellor of the Exchequer, Jeremy Hunt, unveiled plans for a new UK ISA, or 'British ISA'. Here's what we know so far.
As part of the 2024 Spring Budget, the Chancellor of the Exchequer, Jeremy Hunt, unveiled plans for a new UK ISA, or 'British ISA'. Here's what we know so far.
A flexible ISA allows you to withdraw money from your account and deposit it back in without affecting your ISA allowance. Find out how flexible ISAs work.
Flexible ISAs can be useful if you want to dip into your savings without affecting your ISA allowance. Find out how they work.
Find out the ISA rules and limits for the 2024/25 tax-year, and how they may impact your savings.
Find out the ISA rules and limits for the 2024/25 tax-year, and how they may impact your savings.
Cash ISAs and savings accounts have some key differences, including their tax implications and rules around deposits and withdrawals. Find out more here.
Cash ISAs and savings accounts have some key differences, including their tax implications and rules around deposits and withdrawals.
As part of the 2024 Spring Budget, the Chancellor of the Exchequer, Jeremy Hunt, unveiled plans for a new UK ISA, or 'British ISA'. Here's what we know so far.
As part of the 2024 Spring Budget, the Chancellor of the Exchequer, Jeremy Hunt, unveiled plans for a new UK ISA, or 'British ISA'. Here's what we know so far.
A flexible ISA allows you to withdraw money from your account and deposit it back in without affecting your ISA allowance. Find out how flexible ISAs work.
Flexible ISAs can be useful if you want to dip into your savings without affecting your ISA allowance. Find out how they work.
Moneyfactscompare.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.
I accept. Read our Cookie PolicyMoneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.