UK emergency fund sizer

How big should your emergency fund actually be, where should it live, and how long until you're there? UK-tax-aware.

Your monthly essential expenses £2,000

Your employment situation

Current savings (excluding pension/ISA-investments) £3,000

Monthly amount you can save £300

Target emergency fund

£0

Recommended: 6 months of essential expenses

Gap to target: £0

Months to reach target: 0

Suggested home: Trading 212 Cash ISA

Recommended fund size by employment type: Stable employment 3-month minimum; volatile sector/single-income 6 months; self-employed 9-12 months; contract 6 months.

Suggested home: Cash ISA if your annual £20,000 ISA allowance is unused; otherwise an app-based easy-access savings account paying 4%+ AER. Both are FSCS-protected up to £85,000 per provider. This is general information, not personalised financial advice.