Make the most from ISA perks while you can

THE deadline to use this year's tax-free ISA allowance is closing fast with the financial year ending within days, so there really is no time to lose.

- By Harvey Jones

Given that April 5 falls on a Saturday this year, time is even tighter, although many ISA providers will accept online applications up to midnight on the day.

There is added urgency following reports Chancellor Rachel Reeves may cut the £20,000 Cash ISA allowance to just £4,000 at some point, as that would cut the amount savers can tuck away in future.

Cash ISA savers should also shop around for the best possible rate, said Paul Went, managing director of savings at challenger bank Shawbrook.

"Sticking with the same provider might feel like the easy option but could mean missing out on a better deal," Went said.