Top up your ISA Allowance by 5 April 2012

The 2011/12 ISA allowance is £10,680 of which £5,340 can be saved in a cash ISA and a maximum of £10,680 can be invested in an investment ISA. If you or your partner have not already done so, the deadline for the tax free ISA allowance is 5 April 2012. Some of the retail banks are currently offering reasonably attractive rates at present and are likely to be better than the rates offered in April when more people will be looking to invest in next year’s ISA allowance.

From 6 April 2012, the 2012/13 ISA allowance of £11,280 will be available of which up to £5,640 can be saved in a cash ISA.