08 Apr 2026
The new tax year started 6 April, which means your annual allowances have reset for 2026/27. It’s a good time to review your position and make sure you’re using them as efficiently as possible.
Here’s a quick summary of the key allowances:
- ISA allowance: £20,000
- Junior ISA allowance: £9,000
- Pension allowance: up to £60,000
The pension annual allowance is the maximum that can be contributed across all pensions each tax year while still qualifying for tax relief. For 2026/27, this is £60,000, or up to your total earnings if lower (or £3,600 if you have little or no income).
If you’ve taken taxable income from your pension and triggered the Money Purchase Annual Allowance (MPAA), this reduces to £10,000.
From a tax planning perspective, it’s also worth keeping in mind that the Capital Gains Tax (CGT) annual exempt amount remains at £3,000, and dividend tax rates for both basic and higher-rate taxpayers have increased by 2 percentage points.
If you’d like us to review your position or help ensure you’re making the most of the available allowances in a tax-efficient way, just get in touch — we’re here to help keep your figures on track so you can focus on everything else. 0800 012 9190.
