HSBC issues new update to customers as '£500 available' and HMRC deadline this weekend

HSBC issues new update to customers as '£500 available' and HMRC deadline this weekendAllowances reset on Sunday, April 5, 2026CommentsMoneySteven Smith Content Editor13:12, 04 Apr 2026View 3 ImagesHSBC is urging customers to take advantage(Image: James Wagner via Getty Images)HSBC has issued a new message to customers. New research from the bank has revealed that, while more than half of Britons (54 per cent) are dedicated tax-free savers during ISA season, a significant divide persists in how UK adults are preparing for their future financially.‌The bank found nearly two in five (39 per cent) confessed to not having an ISA within their savings or investment portfolio, thereby forfeiting valuable tax-free allowances. HSBC's nationally representative study of more than 1,000 UK adults revealed a pronounced disparity in ISA uptake across the market.‌The research discovered that 44 per cent held a cash ISA, making it the most popular product. Yet, just 21 per cent had a stocks and shares ISA, despite the prospect of superior long-term returns. Meanwhile, 39 per cent held no ISA whatsoever.‌Amongst those who did possess ISAs, contribution patterns also exposed a strong preference for cash saving over investing, HSBC noted. The study found nearly half (49 per cent) had contributed solely to a cash ISA in the current tax year.Only 18 per cent had contributed exclusively to a stocks and shares ISA and merely 12 per cent were contributing to both, demonstrating a narrow approach to diversified saving, according to HSBC.Despite the £20,000 annual allowance, relatively few savers were maximising it, with just 23 per cent indicating they anticipate using their full ISA allowance this tax year, rising amongst those aged 55 or older. On average, ISA holders estimate they expect to save approximately £11,330, slightly over half of their allowance.‌View 3 ImagesThe ISA deadline is 11.59pm on Sunday, April 5(Image: Kseniya Ovchinnikova via Getty Images)The UK ISA in...