Five things to consider during ISA season

A Guide to ISAs by Furness Building Society

If you’re not a veteran saver, ISA season could pass you by without you fully understanding what it is and how you might benefit from it. However, those of you who choose to save using an ISA account, know that for a couple of months every year, you should be thinking about what you want to do with your cash.

In this article, we run you through the top five things to consider when ISA season begins in February in the run up to the new financial tax year.

Man with daughter at summer event

Make the most of the transition period

A savings account should always be something that works hard for you and your money; a helping hand in the background keeping your funds safe, ready for the time you want to call upon them. But like a seed in soil, ISAs also benefit from a little assistance if they’re going to grow.

ISA season is the time you should be doing this. During this two-month period, building societies and banks usually start to put out their best ISA rates for the year ahead to encourage deposits in the last few months of the tax year - and to attract new customers for the year ahead. So this is when you might find you could move your money to benefit from better market rates and when you start to save in April, you’ll benefit from a full financial year of tax-free savings.

Why not familiarise yourself with the process up front by checking out our guide to ISA season article.

2. Consider what type of ISA is right for you

3. Don't forget about "ISA Allowances"

4. Prepare if you plan to transfer

5. Consider all the benefits and limitations

Next steps

Do you have any questions?

We hope this guide has given you the tools you need to navigate ISA season with confidence and understanding. If you’d like to chat with our team of experts to work out which of our ISA products would work best for you, send us a message, visit us in branch or give us a call on 0800 781 4311.