What you need to do with your Isa and pension before the tax year ends
3/27/202652 min
There's just a week to go until the end of the tax year and if you haven't sorted your Isa, pension or the rest of your finances it's time to get your skates on.
On this episode, Georgie Frost, Helen Crane and Simon Lambert discuss the important things you need to think about before 5 April... and ideally right now.
From how your Isa allowance works, to parking cash and drip-feeding it, and why a pension can not only boost your retirement savings but also cut your tax bill, they explain what you need to know.
And Simon has some extra tips on how to use as much of your Isa or pension allowance as possible, even if you don't have the ready cash.
Also on this week's episode, what on earth is going on at NS&I and will it have to pay millions on compensation, how to become a tradesperson on a six figure salary, will interest rates really rise four times this year, and finally, what are the food items that have rocketed the most in price.
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Clips
Transcript preview
First 90 secondsGeorgie Frost· Host0:00
[upbeat music] Welcome to the This Is Money podcast, sponsored by Trading Two one two. Download the Trading two one two app and open a cash ISA with promo code TIM to get the twelve-month bonus promo rate of four point six eight percent. Terms apply. I'm Georgie Frost, and joining me and Simon Lambert today is Helen Crane. And coming up, the end of the tax year is almost upon us. So what should you be doing between now and April the sixth? And what changes can we expect in the new tax year? Also today, the boss of NS&I loses his job over a scandal involving lost funds to the tune of hundreds of millions of pounds. What is going on at Granny's Favorite? Plus, will rates go up four times this year? And will we see a return to security tags on butter? And could you become a one hundred thousand pound a year trades person? Don't forget, you can stay up to date with all the latest breaking money news, just go to thisismoney.co.uk or download the app. But first, Simon, the suspense is killing me. Quick update on the Race to ten thousand, Simon. Are you at least in the black?
Simon Lambert· Host1:01
Well, no.
Georgie Frost· Host1:04
Okay.
Simon Lambert· Host1:05
I'll offer my excuses. Right. So actually, I will give you a live update on the Race to, to ten thousand.
Georgie Frost· Host1:12
Just for context, if anyone missed last week.
Simon Lambert· Host1:15
The Race to ten thousand is where me and four other experts have been given five hundred pounds. Our task is to try to turn it into ten thousand pounds as quickly as possible. I'm buying and selling shares. We have someone buying and selling crypto. We have,