Take advantage of your new Isa allowance now

Make the most of the new tax year by filling up your Isa now. And if you aren't getting a decent rate on your existing investments, move your money somewhere else, says Ruth Jackson.

With the so called 'Isa season' finally over, you probably want to put tax efficient savings out of your mind for now. But is that the best idea?

You'll be better off if youdeal with the new tax year's Isa now. That way you can make the most of your allowances. And when Isa season rolls around next March and the frenzied efforts to put money away before the end of the tax year kick off, you'll be able to ignore them, safe in the knowledge that your own savings are already protected.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.