Top Up Your ISA Before 6th April
Posted on 19th March 2021 at 10:00
An Individual Savings Account, or ISA, is a great way to put money aside in a tax-efficient way. The current tax-free ISA allowance is £20,000 a year, which means you pay no income tax on the interest or dividends you receive from it.
With the end of the financial year fast approaching, we recommend topping up your ISA very soon if you haven’t already hit the tax-free limit. On 6th April the limit resets again to £20,000, so there’s still time to add to the 2020/21 tax-free limit before the 2021/22 financial year begins.
Making the most of your tax-free ISA limit is an excellent investment and results in you getting more from your hard-earned cash.
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