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layout: post
date: 2026-04-13 07:38
title: New tax year, new plan
link: https://thoughts.uncountable.uk/new-tax-year-new-plan/
cited: Chris

---

Love seeing finances talked about on the indie web. Money market funds for the win. 

Worth a reminder cash ISA limits for under 65s drops to £12k next tax year from £20k this year. one can still use the overal £20k by using a stocks and shares ISA.

> For day to day expenses, I'm just transferring what's needed from the savings into current account. I keep track of the whole thing on a quarterly basis by reviewing current valuations and trailing 12 month non-discretionary spend. This helps to decide appropriate points to top up the cash buffer.
> 
> More recently I've been creating part of the cash buffer inside the SIPP itself. This is done by selling down index funds and buying MMF which are essentially like a safe savings rate. Because the buffer is four years in size, and I make annual withdrawals from the SIPP, it doesn't all need to live in taxable cash accounts. I may as well earn a little bit of tax free interest inside the SIPP. It also gives the possibility of perhaps re-investing it if my plans changed (for example, receiving a large cash sum from somewhere).