Will you turn down a free tax-break?

You have an allowance right to stash up to £15,000 of your savings in a tax-free account, but you must use it by 5 April...

There is a big difference between the best and worst rates on offer and you may need to keep moving your cash around (Alamy)

If you don’t make use of your annual Isa allowance, you lose an important tax advantage, warns Darius McDermott of Chelsea Financial Services.

“The Isa allowance has been raised to £15,000 in the current tax year but to take advantage you have to take up the allowance by 5 April. However that falls on Easter Sunday this year which means people may have even less time to choose what to do with their allowance as leaving it to the last minute could be problems,” he warns.

He also points out that if you can manage to build up a sizeable pot using investments which, hopefully grow over the years, you won’t have to pay any capital gains tax on the proceeds.

There’s also the fact that Isa rules have been changed to allow people to pass on their Isa savings to their partner. It means when one spouse dies, the remaining spouse keeps the full tax advantage of any savings stashed in an Isa.

What investment opportunities does he tip for anyone thinking of investing now? Watch the video above to find out.