51³Ô¹ÏÍø

From 6 April 2026, UK dividend tax rates rise by 2% for most taxpayers:

The annual tax-free dividend allowance stays the same at £500.

Explore: What is dividend tax? 

From 6 April 2026, new thresholds for Agricultural Property Relief (APR) and Business Property Relief (BPR) of £2.5 million have been introduced (previously unlimited). 

This means couples who are spouses or civil partners can pass on up to £5 million in qualifying agricultural or business assets without paying inheritance tax. This is in addition to existing allowances. 

Explore: How to write a will and manage inheritance tax

See how to maximise your allowances before the current tax year ends on 5 April 2027.

In the current tax year, you can save up to £20,000 in a tax-efficient Individual Savings Account (ISA). 

If you’re aged 18 or over, you can now subscribe to more than one of the same type of ISA in the same tax year – as long as you stay within the overall annual ISA subscription limit. 

This doesn’t apply to Lifetime ISAs where you can only subscribe to one Lifetime ISA in a tax year and there is an annual payment limit of £4,000. 

Please note – HSBC doesn't offer Lifetime ISAs.

This means, for example, you can subscribe to a cash ISA with HSBC and another cash ISA with a different ISA provider all in the same tax year.

ISA providers aren't obliged to accept subscriptions to more than one ISA of the same type in the same tax year. HSBC isn't offering this at the moment.

If you already have an HSBC ISA but didn’t make payments in the previous tax year, you may need to reactivate it before you can pay in any more money.

Find out how to:

You can check to see if you're still eligible for a Global Investment Centre stocks & shares ISA.

An InvestDirect stocks & shares ISA requires a new application each tax year.

Depending on the type of ISA you have, it may take a few working days to reactivate it, so please allow plenty of time.

With a Junior ISA, you can save up to £9,000 in the 2026/2027 tax year.

With a Child Trust Fund, there's also a £9,000 annual limit but it's per birthday year, starting on the child’s birthday and ending on the day before their next birthday. 

Any income or gains arising are exempt from UK income tax and capital gains tax.

Most people can add up to £60,000 to their pension pot each year, tax-free – or up to 100% of their earnings if they earn under £60,000 a year. This means the total sum of any personal contributions, employer contributions, and tax relief can’t usually exceed the £60,000 pension annual allowance. 

If you haven’t reached this limit, you may want to consider adding more to your pension from your pre-tax income. However, you might not be able to access this money until you’re at least 55 years old (or 57 from 2028). 

Explore: A guide to understanding pensions

A tax code lets your employer or pension provider know how much income tax you need to pay. Check your or by .

If your employer or pension provider doesn’t have a tax code from HMRC, it has to apply an emergency tax code. If this happens, you might have more tax deducted from your earnings or pension than necessary.

But don’t worry, emergency tax codes are usually temporary. Your employer or pension provider should receive a tax code from HMRC quickly.

A certificate of interest (or tax certificate) is an official document confirming the total credit interest paid into your account during a tax year (6 April to 5 April). It’s used to complete tax self-assessments, verify self-employed income, or claim tax relief.

If you need a certificate of interest, they are available in the mobile banking app in the account information section. Alternatively, please send us a secure e-message in online banking or by using chat in the mobile app and we’ll post you a copy.

Remember that tax rules can change, and the value of any benefits will depend on your circumstances.

This article was last updated on 15/04/2026, 10:21