Santander is making clients under the age of 65 conscious of an upcoming rule change.
In emails despatched out this week, the high road bank announced that “things are changing”. Encouraging account holders to “save smarter” and “feel safer”, half of the messages learn: “From increased protection on your savings, to changes in ISA limits, how you save this year could make a difference.
“See what these modifications could imply for you, and how you can make the most of your financial savings in 2026.”
The banking giant went on to explain that people throughout Britain can deposit up to £20,000 into ISAs annually while maintaining tax-free interest, noting: “The present tax 12 months ends on 5 April 2026, so there’s still time to use your allowance before it resets.”
The message then highlighted that “issues are altering from the 2027/28 tax 12 months” when the “total ISA allowance will stay at £20,000 however, if you’re under 65, the most you can pay into money ISAs will be £12,000”.
All funds held with Santander benefit from protection under the Financial Services Compensation Scheme (FSCS). As of December 2025, the coverage limit rose from £85,000 to £120,000 per individual, per bank.
Santander added: “This means you could save more with us in a Santander account and know your money is secure. Eligibility guidelines apply.”
The Government units an ‘annual allowance’ – the most quantity depositable across all ISAs during each tax 12 months. Westminster may also impose restrictions on the amount and classes of ISAs out there for contributions yearly.
For the 2025/26 tax 12 months, the restrict is £20,000, and deposits can be made up to and including April 5, 2026.
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