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Tax Year Checklist 2026/27

Everything to do before 5 April 2026 — and what opens up on 6 April.

Whether you're trying to understand what a pension drawdown is, deciding if you should overpay your mortgage, or checking this year's tax allowances — we've written a guide for it. Everything here is free, jargon-free, and written for real people, not finance professionals.

Before 5 April 2026

Use your ISA allowance

You can contribute up to £20,000 across all ISA types. Unused allowance does not carry forward.

Use your pension annual allowance

Up to £60,000 in pension contributions (including employer contributions and tax relief). Check if you have carry forward from the previous three years.

Use your annual gift exemptions

£3,000 annual exemption (can carry forward one year if unused). Plus £250 small gifts to any number of individuals.

Use your Capital Gains Tax annual exempt amount

£3,000 of gains are tax-free. Consider selling and rebuying assets (known as bed and ISA) to crystallise gains within the allowance.

Review salary sacrifice

Salary sacrifice pension contributions save both income tax and National Insurance. Check if your employer offers it.

Check marriage allowance eligibility

If one partner earns below the personal allowance (£12,570), they can transfer £1,260 to the other — saving up to £252 per year.

File self-assessment if needed

The deadline for online self-assessment for 2024/25 is 31 January 2026. Don’t leave it until the last minute.

After 6 April 2026

New tax year opens

All annual allowances reset. ISA, pension, Capital Gains Tax, and gift exemptions start fresh.

Check new rates and thresholds

Review any changes to tax bands, National Insurance, or allowances announced in the Budget.