Cash Isa Query

[Mike25]

Hi,

I'm new to investing and trying to save a pension as I currently don't have one. I do have savings.

We are coming to the end of the tax year, can I invest 20k into a cash isa in March, then are the tax year in April put another 20k into it. Will this avoid having to pay tax on savings?

 

Thanks

[miser]

Yes and yes

[Toorak]

If you don't already have an İSA for the current tax year you can take one out of up to £20k. You can then add a further £20k to that İSA or to a new one when the new tax year begins.

[Maydup]

Can I ask how old you are Mike? Are you working?

A personal pension is also an option. 
 

If you go for an ISA are you looking at a cash ISA or stocks and shares? 

some useful info here

https://www.moneysavingexpert.com/investments/