Savers looking to earn tax-free interest are being encouraged to put their money in Individual Savings Accounts (ISAs) before the current tax-year ends on April 5th.
Yorkshire Building Society, one of UK's largest building societies, says the current regulations allow investors to save a maximum of £3,000 each tax year in mini cash ISAs.
Chris Edwards, savings development manager at Yorkshire Building Society, said ISAs are the most efficient way of saving and almost everyone should consider to use their ISA allowance before considering their other options.
"With the tax year looming it is important that people act now to avoid giving the taxman more than is necessary," he added.
The government introduced ISAs in April, 1999, to replace Personal Equity Plans. They enjoy a great deal of popularity with savings estimating close to £150 billion.
Savers urged to get moving
Savers urged to get moving
Tue, 22 Mar 2005
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