HSBC UKThere are plenty of financial decisions still ahead for 2026, from putting money away for your retirement to giving your children the best possible start.
Investing could be the best route to make your money work harder and support what matters, not only this year – but for the future too. Whether you’re considering investing or building up a savings pot, this choice is always down to your individual circumstances and preference.
Unsure where to begin? HSBC UK can provide access to its wealth specialists and exposure to financial markets, helping to select the investments that are right for you.
With the new tax year now here, there’s a wide range of financial queries that the specialists at HSBC UK could help you navigate as we continue into 2026.
HSBC UKImpact of Autumn Budget changes
Chancellor Rachel Reeves introduced a range of changes in her 2025 Autumn Budget that could have an impact on your wealth. Some key points covered include the cash ISA allowance being cut to £12,000 from April 2027. Although, it’s worth noting that this is only relevant to those under age 65.
From the same date, pensions are due to be included in inheritance tax calculations. This doesn’t include death in service payments paid through a pension scheme though, or a dependant’s scheme pension payable from defined benefit scheme or some defined contribution schemes. There will also be a spouse or civil partner exception.
Additionally, from April 2029, a new £2,000-a-year cap on National Insurance relief will apply to what you contribute into a workplace pension through salary sacrifice. Although this is a while away, it’s worth considering now – as the change will likely mean higher National Insurance costs once the cap starts. Income tax relief will continue to be received on the full amount of salary sacrificed, though.
From pensions and cash ISAs to inheritance tax, HSBC UK is here to help with navigating all of those changes that may affect you. By consulting the specialists at HSBC UK, this can help you approach managing your money in the most tax-efficient way.
HSBC UKCost of living and inflation-proofing for the future
Saving and investing in a tax-efficient way is important when it comes to looking after your hard-earned wealth. It also helps keep up with inflation, which is why investing could be a more effective long-term route than saving.
Unless the interest on your savings account regularly pays more than the rate of inflation, keeping too much of your money in cash can effectively mean its value is eroded by the cost of living. However, investing may not be suitable for all situations and it is typically most appropriate for medium to long-term goals over five years.
Considering those aforementioned financial challenges you may have ahead, this could include putting money aside for home improvements, a mortgage deposit or to support your children in the future. Meanwhile, cash savings can be more useful for shorter-term goals such as for emergencies or your holiday fund.
When it comes to investing, there is of course the risk of loss, and this is why it’s useful to seek advice from the specialists at HSBC UK. With it being a new tax year, now is a great time to act. Remember, investing has its downs as well as ups – so you could get back less than you invest. Plus, tax rules can change and any benefits will depend on your individual circumstances.
Looking to manage your wealth, support your finances and make important choices, like whether to put money into a stocks and shares or cash ISA? Help is available from HSBC’s specialists, who can use their expertise to provide tailored financial advice to support your investment journey.
Terms and conditions: HSBC UK current account customers. Minimum £100,000 in investments or savings is required to qualify for the Financial Advice service. Eligibility criteria and fees apply. HSBC UK offers restricted advice on a range of recommended investment and insurance products, hand-picked from selected providers, including HSBC.
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