Idea

Don’t Miss Your £20,000 ISA Allowance!

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iFAST Global Bank

24 Feb 2026 · visibility 1538 views

With potential changes to ISA rules on the horizon, now is the time to make the most of your £20,000 Cash ISA allowance while it remains available. 

From 6 April 2027, the government plans to reduce the annual Cash ISA allowance from £20,000 to £12,000 for savers under 65. This reduction would significantly lower the amount you can save tax-free each year, making today’s higher limit especially valuable. 

Why You Should Use Your Cash ISA Allowance Now 

Making full use of your Cash ISA allowance can help you: 

  • Earn tax-free interest on your savings 
  • Protect more of your money from future tax changes 
  • Build a larger tax-efficient savings pot 
  • Take advantage of the current £20,000 ISA limit before it falls 

You still have time to maximise your allowance in both the current tax year and the next, giving you a valuable window to act before any reductions take effect. 

Flexible Cash ISA with iFAST Global Bank  

Whether you already hold a Flexible Cash ISA with iFAST Global Bank or are considering opening one, our product continues to offer:  

  • 3% AER (variable) - interest paid monthly  
  • Instant access to your savings  
  • Flexible withdrawals, with the ability to re-deposit without reducing your ISA allowance  

Our Flexible Cash ISA is designed to work around your needs with tax-free interest, instant access to your money and freedom to withdraw and re-deposit at any time.   

You can top up your existing ISA from your Multi-Currency Current Account or open a new one in just minutes via our mobile app or web portal, and start from as little as £1.    

Top up your ISA today and make your money work harder for you.    

 

For UK residents with valid National Insurance number. Terms and conditions apply.   

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Savings

iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).

iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.

Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.