Last call for Isa investors: Tax-efficient allowance deadline approaching
SAVERS who still have not used this year's tax-efficient Isa allowance cannot leave it any longer.
Get your finances organised or risk losing out to the taxman
If you do not file your application before midnight on April 5, you will lose your £15,000 allowance for good.
With the tax year ending on Easter Sunday, the deadline is even closer than you think.
MoneySupermarket's Kevin Mountford warned savers wanting a postal account may find their bank or building society closes its doors a few days ahead of the deadline.
"If you want to make a branch-based application, remember that banks and building societies will be closed on Friday and Sunday."
Savers who have not used this year's allowance are just throwing money away to the taxman
Last-minute investors can top-up their Isa online on Sunday, with providers such as Barclays Stockbrokers accepting web-based applications until 11.45pm.
Mountford explained Isas are issued on a "use it or lose it" basis.
"Savers who have not used this year's allowance are just throwing money away to the taxman," he said.
If you want to take out a stocks and shares Isa but do not know where to invest, put the money in a cash Isa to secure your allowance until later.