Friday, 5 March 2010

Use it or lose it - don’t leave it too late to save tax

Another timely reminder from Simonne:

There are only a few weeks left to make those all-important last minute payments into tax-efficient savings like Individual Savings Accounts (ISAs). Remember, these are excellent ways of saving money without paying tax on the interest.

If you don’t put the maximum allowed into ISAs before 5 April, you can’t roll over the amount into next tax-year’s allowance. So if you’ve got money to invest or save tax-efficiently, you need to act fast.

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