Nine things to do TODAY before the tax year ends – or you could miss out on THOUSANDS of pounds

6. Use up your ISA allowance

Savers will want to make the most of their Isa allowances before the end of the tax year.

An Isa (individual savings account) is a type of savings account where you don't pay any tax on interest earned.

Each year you get an allowance which is the total amount you can save into it each year to take advantage of this tax benefit.

You can save up to £20,000 each year into an Isa and if you don't use it up you can't carry it over to the next year.

First-time buyers saving into a Lifetime Isa (LISA) can save up to £4,000 into this account each year tax-free.

The huge benefit of Isas is that you'll pay no income tax or capital gains tax on the interest you earn in the account, dividends paid to you and profit made by selling investments held in the Isa.

How do you switch Isa provider?

If you're in the market for a new, better-paying Isa, there's one thing you shouldn't do.

Never withdraw money from your Isa account to put it into your new one - if you do it'll lose its tax-free benefits.

Instead, you need to follow the simple transfer process.

Make sure that the new account you want to use accepts transfers (not all do) and then fill in the Isa transfer form with the new provider.

It will arrange for your savings to be transferred over, with the process taking no more than 15 working days.

And remember, you can only have one "active" cash Isa per tax year.

If you put your cash in a bog standard bank account that's not an Isa, you'll be taxed on any interest over £1,000 if you're a basic-rate taxpayer.

For higher rate taxpayers it's £500 while additional rate taxpayers don't get this allowance, which is known as the personal savings allowance (PSA).

The Isa tax-free allowance is more generous than the PSA which is useful if you have more saved.

7. Use up your child's Isa allowance

Junior Isas, known as Jisas for short, are savings accounts for kids that work in the same way.

But the amount you can save into one tax-free each year is lower, at £9,000.

8. Check your child benefit

Child benefit is worth £21.80 a week for your first or eldest child, then £14.45 for each child after that.

Watch out for the High Income Child Benefit Charge though, as you lose all child benefits when you earn over £60,000.

Meanwhile, anyone earning over £50,000 has to pay back a portion of the money in the form of extra income tax.

A change in situation, such as a salary increase or new partner, could change entitlement to child benefits because of these rules.

This can result in a big bill to repay, even adding up to thousands of pounds for some families.

Before today's end of tax year if you find you earn over this amount it could be worth looking at ways to reduce your taxable income within the rules.

For instance, putting money into a workplace pension or using employer salary sacrifice schemes can reduce your taxable income without losing money.

Salary sacrifice is an agreement to reduce an employee's cash pay for non-cash benefits, like childcare vouchers or cycle to work scheme.

9. Use up your capital gains tax allowance

Capital gains tax is charged on the profit you make when you sell something that has gone up in value, such as stock and shares, artwork or even a second home.

The first £12,300 of profit is tax-free but after that, you'll be charged up to 28% depending on what rate taxpayer you are and what you sold.

If you're planning on selling something and the profits could be over this amount, cashing in at the right time can keep profits below the threshold or reduce your capital gains tax bill.

For example, cash in stocks and shares in two transactions over this and next tax year rather than in a single transaction.