Use by 5th April?

Marvel1

Viewing moneysupermarket for a new ISA 12/13 and it says "1 Day Left, Use your 2012 tax-efficient ISA allowance by April 5th"

What does this mean?

lisyloo

The ISA allowance of £5340 for each individual runs out on 5th April 2012 and then that allowance dissapears forever.
You get a new allowance each year, but that allowance will be gone forever.

MoneySaverLog

So use it before midnight tomorrow or lose it forever :-)

Marvel1

Thanks both.