Consider Your Savings As ISA Deadline Approaches

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Consider Your Savings as ISA Deadline Approaches

With the end of the financial year on the horizon, Bath Building Society is encouraging people to take time to consider their savings plans.

The deadline for people to ensure that they have taken advantage of their
tax-free savings allowance for the current year is 5th April 2009.

The 2008/09 tax-year will end on 5th April and anyone who has not fully utilised the current year ISA savings allowances by that date will lose any unused proportion forever.

In the midst of the recession, and at a time when planning for the future is as important as ever, many eligible investors are not using their ISA allowances to the full. Branch and Agency Manager for Bath Building Society Jonathan Cook says he is hoping that the majority of savers won't miss out this year, adding that over the next few weeks it is important for savers to consider their current ISA savings and their options for the forthcoming tax year.

He said, "Following the turmoil some savers faced last year, people are wisely considering their savings options. Bath Building Society provides Cash ISA products for savers who are aged 16 and over and who wish maximize the tax advantages of these type of accounts. The Society's subsidiary IFA company, Bath & City Financial, can also provide fully independent advice on investing in Stocks and Shares ISA products."

"We're encouraging everyone to take advantage of their tax free allowance for this year, and reminding people that we can provide financial advice for this and any matter, through Bath & City Financial. Appointments can be made through any of our five branches in Bath."

For the current tax year, savers can place up to £3,600 into a Mini Cash ISA and customers will also be able to save into a Stocks and Shares ISA. Subscriptions to cash ISAs count towards the total annual ISA allowance of £7,200 including investment in a stocks and shares ISA.

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Bath Investment & Building Society are members of the UK Building Societies Association, participants of the Financial Ombudsman Service; and authorised and regulated by the UK Financial Services Authority (registration number 206026). VAT number 600842084