ISA & GIA

All topics ISA & GIA What happens to my ISA/LISA when the new tax year begins?

What happens to my ISA/LISA when the new tax year begins?

Moneybox ISAs and LISAs are continuous, so you don’t have to open a new one with us each tax year.

When the new tax year starts on April 6th 2026, your ISA or LISA will remain open and your balance will continue to earn interest at your current variable rate if you have a Cash ISA or LISA, or remain invested according to your chosen allocation if you’re investing in a Stocks & Shares ISA, Junior ISA, or Stocks & Shares LISA, so there’s nothing you need to do!

Your £20,000 annual ISA allowance (and/or £4,000 LISA allowance) will also reset automatically, so if you’ve used up your allowance for this tax year, you’ll be able to make further payments from April 6th.

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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