Savers could miss out on billions if they fail to take notice of when this year’s ISA deadline falls, Clydesdale and Yorkshire banks have warned.

With Good Friday falling on 2 April, and Easter Monday on 5 April, savers may find they have fewer opportunities to beat the tax year deadline, as ISA providers have less time to process applications and transfers.

According to research from Clydesdale and Yorkshire Banks, 10 per cent of ISA applications are made in the last two days before the tax year ends, which could be as many as 1.5 million this year.

Missing out because of when the deadline falls could cost around £4billion in ISA investments.

Commenting, Steve Reid, retail director at Clydesdale Bank said: “With Easter falling so early this year, if you haven’t already done so the opportunity to invest in an ISA this year is that little bit less. The ISA allowance isn’t flexible so beat the deadline and pay less tax.”

© Fair Investment Company Ltd