The window for making the most of your savings this tax year is closing. As the final day of the 2022-23 tax year, April 5 is your last chance to make full use of this year’s tax allowances.
You can pay as much as £20,000 into a tax-free individual savings account (ISA) before this date. This annual limit has been frozen since 2017 and, unlike some other forms of tax relief, you cannot carry forward any unused ISA allowance.
