Savers urged ‘use as much as you can’ before April change | Personal Finance | Finance
ISA savers have been urged to use up their allowances (Image: Getty)Savers have been urged to take action now ahead of a crucial cut-off point. A savings expert has also warned that people often misunderstand the rules around savings and could needlessly be paying tax as a result.The end of the tax year on April 5 marks the final date when you can use your ISA allowance for the current year. This allows you to deposit up to £20,000 a year into these tax-free accounts.You can use the allowance as you decide divided between stocks and shares ISAs and cash ISAs, although these rules are changing soon. From April 2027, you will only be able to use up to £12,000 of the allowance as you choose, while the remaining £8,000 will have to be used for investment-based accounts.Savers aged 65 and ov...










