Bonds & Cash · Analysis

Cash had its moment. From April, the rules change.

£95.6bn

paid into cash ISAs in 2024 to 2025, against £37.2bn into stocks and shares ISAs

HM Revenue & Customs, Annual Savings Statistics, 16 September 2026How we count

Savers put £95.6bn into cash ISAs in 2024 to 2025, more than two and a half times the £37.2bn that went into stocks and shares ISAs. From 6 April 2027 under-65s can put only £12,000 a year into cash.

By TID Editorial Desk · · 10 min read

Sources: legislation.gov.uk (HM Treasury), Made 10 September 2026, laid 14 September 2026, in force 6 April 2027; HM Revenue & Customs, 24 June 2026, updated 17 July 2026

The Daily SevenSeven asset classes, seven sentences, before 7am.

From our sister title

SEIS Investments: plain-English SEIS for founders, investors and advisers.

Independent education on the Seed Enterprise Investment Scheme, from the rules and reliefs to advance assurance and due diligence.

Visit SEIS Investments Our SEIS, EIS and VCT coverage

The Daily Seven ·

The Daily Seven

Seven asset classes, seven sentences, every figure sourced

  1. Bonds & Cash

    The Bank of England held Bank Rate at 3.75% on 17 September 2026 by six votes to three, with three members backing a rise to 4% and the next decision due on 5 November 2026.

    Bank of England, 17 September 2026

    Read more: Bonds & Cash
  2. Funds & ETFs

    UK retail investors put a net £894m into funds in August 2026, the tenth positive month in a row, taking net retail sales for 2026 to £13.8bn.

    Investment Association, 1 October 2026

    Read more: Funds & ETFs
  3. Equities

    Dividend tax rose on 6 April 2026 to 10.75% at the ordinary rate and 35.75% at the upper rate, with the additional rate unchanged at 39.35%.

    legislation.gov.uk (Finance Act 2026, section 4), 18 March 2026

    Read more: Equities
  4. Property

    From 6 April 2027, property income in England, Wales and Northern Ireland will be taxed at new rates of 22%, 42% and 47%.

    legislation.gov.uk (Finance Act 2026, section 7), 18 March 2026; HMRC policy paper, 27 November 2025

    Read more: Property
  5. Gold & Commodities

    UK-listed gold ETFs took in US$4.4bn in August 2026 and US$7.5bn over July to September, their strongest quarter on record.

    World Gold Council, 9 September and 7 October 2026

    Read more: Gold & Commodities
  6. Private Markets

    The FCA proposed on 8 October 2026 that 17 illiquid retail funds holding about £7.22bn require at least 90 days' notice for redemptions; its consultation closes on 11 December 2026.

    Financial Conduct Authority, 8 October 2026

    Read more: Private Markets
  7. Alternatives

    Crypto firms have until 28 February 2027 to apply for FCA authorisation, in a window that opened on 30 September 2026, before the regime starts on 25 October 2027.

    Financial Conduct Authority, 30 September 2026

    Read more: Alternatives

Bonds & Cash

What lending your money pays, after tax

Go to the Bonds & Cash desk

Cash ISA limit falls to £12,000 for under-65s

179days to go

The numbers

Figures from our latest reporting

Every figure carries its source and date.

Figures are as published in each article. Past performance is not a guide to future returns.

How we count

The desks

The seven desks

One desk for every asset class, in the same order on every page.

Bonds & Cash

What lending your money pays after tax: gilts, corporate and retail bonds, bond funds, cash savings and money market funds, set against interest rates and inflation. This desk also covers where cash ends and investing begins.

Go to the desk Start here

Cash & savings · Analysis

Cash had its moment. From April, the rules change.

Savers put £95.6bn into cash ISAs in 2024 to 2025, more than two and a half times the £37.2bn that went into stocks and shares ISAs. From 6 April 2027 under-65s can put only £12,000 a year into cash.

Funds & ETFs

The vehicles most UK investors hold: index funds, ETFs, active funds and investment trusts, explained by what they own, how they work and what they cost. We compare funds and report flows; we do not pick funds for you.

Go to the desk Start here

Index funds & ETFs · News

What Britain bought in August: fund flows by asset class

£894m: net retail inflows into UK funds in August 2026, the tenth positive month in a row and £13.8bn for the year so far. Global equity funds took £568m while UK equity funds lost £615m.

Equities

Owning companies, explained and measured: UK, US, Indian and global shares, dividends, smaller companies and how to read a set of results. Education and data only, with no share tips or price targets.

Go to the desk Start here

Property

What property pays after tax and costs: buy-to-let and landlord tax, REITs, commercial property, property funds and house price data. Crowdfunding and loan notes are covered risks first.

Go to the desk Start here

Buy-to-let & landlord tax · Explainer

Landlord tax from April 2027: the new property income rates

From 6 April 2027, individual landlords in England, Wales and Northern Ireland pay income tax on rental profit at 22%, 42% or 47%, two points above the rates on earnings. Mortgage interest relief rises to 22% at the same time, so for most the extra cost is 2% of profit after interest.

Gold & Commodities

Gold, silver, platinum, oil and other commodities: how UK investors can own them, what each route costs and how gains are taxed. We report prices with their source and date, not predictions.

Go to the desk Start here

Private Markets

Assets that do not trade every day, and who can buy them: LTAFs, PISCES, VCTs, EIS and SEIS, private equity, private credit and venture investing. Every piece sets out liquidity and investor protection alongside any tax relief.

Go to the desk Start here

Alternatives

The edge of the portfolio: infrastructure and renewables, digital assets, passion assets such as wine and whisky, and structured products, always measured net of costs. Scam Watch records public enforcement cases.

Go to the desk Start here

The Rules Clock

Every date that changes your money

Announced rules only.
See every date

179days to go

Cash ISA limit falls to £12,000 for under-65s

Savers aged 64 or under

All changes

The overall ISA allowance stays at £20,000, but no more than £12,000 of it can go into cash.

Desks: Bonds & Cash, Funds & ETFs
179days to go

Most unused pension funds count for inheritance tax

Pension savers and their families

All changes

Applies to deaths on or after 6 April 2027.

Desks: Bonds & Cash, Funds & ETFs, Equities, Property, Gold & Commodities, Private Markets, Alternatives

Dates come from announced legislation, regulator timetables and official calendars. Each card links to our explainer or the source.

TID Professional

The Investment Daily Professional

£1trn

under advice across about 31,000 UK advisers in 5,548 firms (FCA, April 2026)

The asset-class desk for UK advice and wealth. Independent data, regulation and due diligence for every asset class, free to verified professionals.

Register as a professional

The Professional Briefing, every Tuesday.

Free to verified professionals. Register with your FCA number or work email.

Get the Professional Briefing

TID Professional is for investment professionals. Content in this section is not suitable for private investors and should not be relied on by them.

Private Markets

What a private investor can now buy

Go to the Private Markets desk

VCT, EIS & SEIS · Analysis

SEIS in numbers: what HMRC’s 2026 statistics show

£276m was raised under SEIS in 2024 to 2025, up 14% on the year before, according to HMRC statistics published on 21 May 2026. Growth has slowed since the April 2023 expansion, and the latest two years of figures are provisional.

By TID Editorial Desk · · 4 min read

Property

The landlord's sums

Go to the Property desk

Buy-to-let & landlord tax · Explainer

Landlord tax from April 2027: the new property income rates

From 6 April 2027, individual landlords in England, Wales and Northern Ireland pay income tax on rental profit at 22%, 42% or 47%, two points above the rates on earnings. Mortgage interest relief rises to 22% at the same time, so for most the extra cost is 2% of profit after interest.

· 7 min read

REITs · Explainer

REITs explained: property without the tenants

A UK REIT is a listed property company that pays no UK tax on its rental profits and gains as long as it pays out 90% of those profits. You get property income without being a landlord, but the share price can sit well below the value of the buildings.

· 7 min read

Buy-to-let & landlord tax · Guide

Property as an investment: the UK guide

Property investment in the UK comes in four main forms, from a buy-to-let flat to listed REIT shares, and what separates them is mostly costs, tax and how quickly you can sell. From 6 April 2027 individual landlords in England, Wales and Northern Ireland pay new property income rates of 22%, 42% and 47%.

· 7 min read

Gold, alternatives and Scam Watch

Real assets, the edge of the portfolio, and the scams

Gold & Commodities

Gold sovereigns and capital gains tax: what you pay over the metal price

HMRC treats Sovereigns minted from 1837 and Britannia gold coins as sterling currency, so UK individuals pay no capital gains tax when they sell them. The real cost lies in the premium over the gold content and the gap between a dealer's selling and buy-back prices.

· 6 min read

Alternatives

The FCA’s crypto authorisation window is open: what it means for UK holders

28 February 2027: the deadline for crypto firms to apply for FCA authorisation, in a window that opened on 30 September 2026. The full regime starts on 25 October 2027, bringing Financial Ombudsman access but no FSCS cover.

· 4 min read

Scam Watch

Report a scam to the FCA

Start here

The asset ladder

Seven steps, from the money you already have to the edge of the portfolio. All Start here guides

  1. Bonds & Cash Start with the money you already have: what cash really earns after tax and inflation
  2. Funds & ETFs Own the market in one purchase: how index funds and ETFs work
  3. Equities Owning a company: what a share is and how to judge one
  4. Property Bricks, REITs and the landlord's real return
  5. Gold & Commodities Why investors hold gold, and what it costs to own
  6. Private Markets Assets that do not trade every day, and who can buy them
  7. Alternatives Infrastructure, crypto and passion assets, with the risks named

In the diary

The dates ahead

Full diary

UK Budget

All UK taxpayers

Desks: Bonds & Cash, Funds & ETFs, Equities, Property, Gold & Commodities, Private Markets, Alternatives

Newsletters

Four newsletters. One form.

Free. We will only email you what you ask for.

  • Weekdays, 7am

    The Daily Seven

    Seven asset classes, seven sentences, every figure sourced.

  • Fridays

    The Ledger

    The week's returns across every asset class, on one page.

  • Fortnightly

    The Cross-Border Investor

    UK, India, US: the rules that changed and what they mean for your money.

  • Tuesdays

    TID Professional Briefing

    Regulation, data and due diligence, asset class by asset class. For verified professionals.