Pension & ISA deadline looms but expert urges government to make change due to coronavirus

As with many businesses, LEBC has closed its offices and switched its staff to a working from home set-up.

And, while it says it is able to assist those who wish to top up their savings before April 6, the company has explained it is conscious that amid the crisis, many individuals’ focus will currently be elsewhere.

Due to the crisis, some people’s attention will be dedicated to the short-term emergency, and are likely to need extra time to plan for their future this year and to make arrangements, they said.

In the current tax year, it is possible to save upto £20,000 in an ISA, of which there are four main types: cash ISA, Lifetime ISA, stocks and shares ISA, and innovative finance ISA.