Cost.co.uk Responds to Upcoming Deadline Day for Cash ISAs

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The last available date to take up a cash ISA before the tax year ends.

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ISAs are a great way to avoid paying tax on cash and we encourage consumers to move any savings into them that they can afford to before the looming deadline day approaches.

The financial year is coming to a close and completes on the 5th April 2013 which means the opportunity to store cash in a tax free ISA is closing. Each year, in April, savers are given a fresh ISA allowance that qualifies for tax free interest. For 2012-2013, the limit is £5,640 which gives consumers the chance to place this amount or lower in an ISA which then cannot be taxed.

As one of the UK’s most established comparison sites, Cost.co.uk is dedicated to bringing the best offers and deals to consumers on a range of subjects including insurance, travel, money and utilities. The site actively encourages consumers to get the best for their money and savings and helps them save money throughout the year. The site also offers a full description of all of the various types of ISA and allows the user to run a comparison between up to 10 different ISA types.

A representative from the company explained, ‘ISAs are a great way to avoid paying tax on cash and we encourage consumers to move any savings into them that they can afford to before the looming deadline day approaches.’

Cost.co.uk continues to follow consumer based news based on money including ISAs, mortgages and pensions.

Based in Essex, Cost.co.uk is one of the UK’s leading price comparison sites. Allowing their online customer’s access to companies offering a range of insurance, financial and travel services, the firm specialise in providing a personal experience. Founded in 2012, the agency has a trusted reputation for sourcing the most ideal policies at affordable prices.

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Ben Austin
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