Savers have just a few days to top up their accounts to get free money from the Government.
Money Saving Expert Martin Lewis has urged savers to “use or lose” their ISA allowances before the end of the current tax year.
A cash ISA account is a savings product where you don’t pay tax, up to a limit of £20,000 for the 2021/22 tax year, but if you have a Lifetime ISA (LISA), you can put away £4,000 each year and the Government will give you a 25% bonus on top of the cash you save. This means you can get £1,000 free each tax year - or £2,000 free if you’re in a couple and you both have a LISA account that you max out.
