What to do when you've used your ISA allowance for the current tax year?

jazzyja

hi all. Currently saving for a mortgage. I've predicted i will hit my LISA allowance by October. So from then I will continue to save and then put a lump 4k in after 5th April 2021. I am then planning on buying shortly after. Just wondering rather than having money sat in my standard savings is there anything else I could do with it? I understand I can't have x2 25% bonus isas and that the interest rates are abit poor at the minute so not sure if there is anything else? Thanks 

eskbanker

Regular saver accounts are possibly worth considering, especially if you won't be buying until after June 2021, beyond that take your pick:

https://www.moneysavingexpert.com/savings/which-saving-account/
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

jazzyja

eskbanker said:

Regular saver accounts are possibly worth considering, especially if you won't be buying until after June 2021, beyond that take your pick:

https://www.moneysavingexpert.com/savings/which-saving-account/
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

OK thanks. Why after June? Not the savviest when it comes to savings il be honest! 

eskbanker

jazzyja said:

eskbanker said:

Regular saver accounts are possibly worth considering, especially if you won't be buying until after June 2021, beyond that take your pick:

https://www.moneysavingexpert.com/savings/which-saving-account/
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

OK thanks. Why after June? Not the savviest when it comes to savings il be honest! 

Some regular savers are easy access but most involve keeping the money committed for 12 months.

jazzyja

eskbanker said:

jazzyja said:

eskbanker said:

Regular saver accounts are possibly worth considering, especially if you won't be buying until after June 2021, beyond that take your pick:

https://www.moneysavingexpert.com/savings/which-saving-account/
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

OK thanks. Why after June? Not the savviest when it comes to savings il be honest! 

Some regular savers are easy access but most involve keeping the money committed for 12 months.

Yes read the article and saw what you meant. I dont want it locked in. Il have a look. Thankyou 

grumiofoundation

jazzyja said:

eskbanker said:

Regular saver accounts are possibly worth considering, especially if you won't be buying until after June 2021, beyond that take your pick:

https://www.moneysavingexpert.com/savings/which-saving-account/
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

OK thanks. Why after June? Not the savviest when it comes to savings il be honest! 

 Some of the regular savers do not allow you to withdraw prior to maturity. In that event the money would not be accessible until June 2021. 

Some regular savers do allow withdrawals before the end of the term. 

DiggerUK

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