Last-minute decisions for savers as new tax year looms

The new tax year starts on April 6, meaning savers have just days left to use their annual Isa allowance.

Savers have only days left to make the most of their allowances before the start of the new tax year (Gareth Fuller/PA) (PA Archive)

Savers have only days left to make the most of their allowances before the start of the new tax year this week.

The annual contributions limit for Isas will remain frozen in the 2023/24 tax year, which starts on April 6, at £20,000.

Cash savings rates have been improving in recent months. The average easy access Isa rate breached 2% in March and, at 2.01%, was at its highest point since February 2009, according to financial information website Moneyfacts.