Savers are being urged not to leave it until it’s too late to take advantage of this year’s ISA allowance.
Santander confirms that it will only process website applications for 2010/2011 ISAs before March 31, 2011. After that date, applications will only be accepted for the next tax year. Customers can, however, continue to apply for a Santander ISA for the current tax year by phone or in person up until 5th April, 2011. They will be able to transfer money from a current account to an ISA immediately by phone or by visiting their local branch.
Reza Attar-Zadeh, Director of Savings and Investments at Santander, said, "Given the popularity of our ISAs we want to ensure that any savers looking to take advantage of their ISA allowance for this year aren't disappointed. For any tax-paying savers yet to use their allowance we urge them to act fast as any unused allowances are lost forever."
Customers are reminded that they may need to supply additional information and documentation before an ISA account can be opened, so they are urged to apply as early as possible in case of any delays.
