A flexible ISA lets you withdraw cash and put it back in the same tax year without using more of your £20,000 allowance. The rules, worked examples and how to check whether your ISA is flexible.
The ISA allowance resets on 6 April each year. The 2026/27 £20,000 allowance ends on 5 April 2027 and cannot be carried over. What resets, deadlines and the April 2027 changes.
You can hold as many cash ISAs as you like and, since April 2024, pay into several in one tax year. The limit is £20,000 in total for 2026/27, with one Lifetime ISA a year.
Yes, the State Pension is taxable income, but it is paid gross with no tax taken off first. In 2026/27 the full new State Pension is £12,547.60 a year, just £22 below the £12,570 personal allowance, so the pension alone is not taxed. Any other income on top is taxed from the first pound. By…
Last updated: 28 May 2026 | MoneyWise UK Editorial Team | Source: Finder/Censuswide survey of 2,000 UK adults, January 2026 The average person in the UK has £19,214 in savings in 2026, but that headline hides a big gap by age, gender and region. This page sets out the average savings by age in the…
Last updated: 28 May 2026 | Compiled by MoneyWise UK Editorial Team | Figures sourced from Ofgem, Ofwat, Ofcom and GOV.UK This page pulls together the average UK household bills and the headline figures in the 2026/27 financial year, with every number linked to its official regulator or government source. We update it as new…
By MoneyWise UK Editorial Team | Updated: 9 May 2026 | Credit Cards Quick Answer A 0% money transfer credit card can move cash into your bank account, but it is still borrowing. Transfer fees, credit limits, eligibility, promotional periods and post-offer APRs vary, so check live provider terms and make a repayment plan before…
Quick Answer A monthly interest savings account pays interest each month rather than once a year, which can help if you want regular income from your cash. Compare the gross monthly rate, AER, access rules, tax position and FSCS protection before applying, because headline rates and provider terms change frequently. In This Guide What Is…
Quick Answer A fixed-rate bond can pay more gross interest, but a cash ISA pays interest tax-free. The right choice depends on current provider rates, your tax band, Personal Savings Allowance, access needs and whether you have already used your £20,000 ISA allowance. In This Guide Fixed Rate Bond vs ISA: The Basics How Tax…
Quick Answer A Junior ISA can provide tax-free savings or investments for a child, but money is normally locked until age 18. A children’s savings account may offer easier access, but parental gifts can trigger tax rules if interest exceeds the GOV.UK limit. In This Guide What Is the Difference Between a Junior ISA and…
