With the end of the 2020-2021 tax year on 5 April 2021, here are a number of ideas to make the most of your tax allowances and available tax reliefs.
Read moreISAs – 21 years on
This April, ISAs celebrate their 21st birthday. So, I thought it would be a good idea to remind you how good an investment vehicle they can be, just before the end of this tax year.
Statistics suggest ISAs have become a huge hit with savers. The value of adult ISAs stand at over £600 billion, shared between around 22 million account holders. They have also proved popular with successive Chancellors as a means of encouraging the saving habit with the annual subscription limit having almost trebled since launch.
Read moreShould young people be making the most of the Help to Buy ISA?
The Help to Buy ISA is a government backed scheme that provides a 25% bonus on the balance of the account with a maximum bonus of £3,000, provided the money is put towards the purchase of your first home before 1st December 2030 – so long as the house price is lower than £250,000 (£450,000 in London).
