How to prioritise your allowances before the end of the tax year
Short-term saving or long-term growth?
How to match allowances to your goals
Different allowances suit different time horizons. Cash ISAs work well for short-term savings. Stocks & Shares ISAs are designed for long-term investing. Pensions support retirement planning with added tax relief.
Why choosing one allowance is better than none
It’s easy to delay decisions when there are multiple options. But using even one allowance before 5 April is better than letting the tax year pass unused.
How to decide where to start
Ask yourself what your next financial priority is. If you want access to your money, start with cash. If you’re investing for the future, consider an ISA. If you’re thinking long term, pensions are often the most tax-efficient option, as is a Stocks & Shares ISA.
Things to keep in mind
You can change priorities in future tax years. The key is taking action now, not finding the perfect solution. Top up today if you can to make the most of this year’s tax-free allowance before it resets. ISA and tax rules, and account T&Cs apply. If investing, capital at risk.
Key tax year timings
To get you ready for 5th April, check out our timings for final deposits, transfers, move money, and new account openings.