You are in

Changes to the way interest is paid and to ISAs

Government changes

From 6 April 2016 there are some important changes to the way interest is paid and to ISAs.

Interest to be paid gross

Financial Services Compensation Scheme

From 6 April 2016 the government is introducing the Personal Savings Allowance and we'll start paying interest to you gross. This means we'll stop automatically taking 20% in income tax from the interest paid on non-ISA savings and current accounts. This is a change to your Terms and Conditions.

Find out more

Changes to ISAs

From 6 April 2016 the government is introducing additional ISA flexibility and an innovative finance ISA. Santander's ISA range will continue to work the way it does now and we won't offer additional flexibility or an innovative finance ISA but we do have more information on the changes.

Find out more

Video: government changes explained

We've put together a short video to help you understand more about the government changes coming in to effect from 6 April 2016.

Watch our video

Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.