What is the ISA deadline for 2025? | YBS
Reading time 3 minutes
At a glance:
The ISA deadline is when the tax year ends. For 2025, this is 5 April 2025.
As soon as the tax year ends, your allowance for that tax year ends as well. If you haven’t used all of it, you can’t roll it over to the next tax year.
You do get a new allowance, which starts on the first day of the new tax year.
When is the isa deadline in 2025?
For 2025, the deadline is 5 April 2025.
What happens at the ISA deadline?
It’s your last chance to use your ISA allowance for that tax year.
So for the 2024/25 tax year, if you haven’t used your full £20,000, you’ve got until 5 April 2025 to add that money to an ISA.
On 6 April 2025, your ISA allowance will start again. This means you can pay into an ISA (or ISAs) again, up to the £20,000 limit. You can only pay into one Cash ISA with YBS in a tax year using your ISA allowance.
So for the 2024/25 tax year, if you haven’t used your full £20,000, you’ve got until 5 April 2025 to add that money to an ISA.
On 6 April 2025, your ISA allowance will start again. This means you can pay into an ISA (or ISAs) again, up to the £20,000 limit. You can only pay into one Cash ISA with YBS in a tax year using your ISA allowance.
What happens if you don’t use all of your allowance by the deadline?
If you don’t use all of your ISA allowance in a tax year, you’ll lose it. You can’t roll it over to the next tax year.
If you don’t use your full allowance by the ISA deadline, you won’t earn as much tax-free interest are you could do.
If you don’t use your full allowance by the ISA deadline, you won’t earn as much tax-free interest are you could do.
Can I roll over my ISA allowance?
Unfortunately no. You have to use the allowance before the deadline. The good news is that you’ll get a new allowance for the next tax year.
The content on this page is for reference. It is not financial advice.
For help with money issues, try MoneyHelper.
For help with money issues, try MoneyHelper.
