Back to April 2013

4 days to go until the end of the tax year

The current tax year finishes this Friday, 5th April, so there is only a few days left to open a tax free account (from a minimum balance of £1) or top up this year’s subscription to the maximum of £5,640 (2012/ 2013 ISA allowance). Using the ISA allowance in full means standard rate taxpayers can benefit from an extra 20% interest, with higher rate taxpayers receiving an extra 40% interest.

It’s important that people focus on all their savings and make them work harder for them. Leeds Building Society is therefore offering an exclusive market leading 30 day notice account, paying up to 2.35% gross p.a. /AER, to all its new and existing tax free investors. This account has been awarded 4 stars by Moneyfacts and, as a concession to its members, Leeds has agreed to waive the penalty during April and allow instant transfer to the new tax year ISA’s.

Furthermore, all of the Society’s tax free products have the flexibility and peace of mind that comes with access to 25% of the funds without notice or penalty at any time. None of the other top 5 providers give this level of access. There is also the facility for customers who have already subscribed to an ISA in the current tax year to transfer in these funds, and all previous years ISA subscriptions from other providers, in full.

Kim Rebecchi, Leeds Building Society’s Sales and Marketing Director said, “Over 30% of our members have an ISA account with us so we know how important tax-free savings are, particularly as everyone is feeling the squeeze in the current economic climate and Bank Base Rate has been at an historic low of 0.50% for over four years.

“Our current ISA range includes a 3 Year, 2 Year and 1 Year Fixed Rate ISA at 2.60%, 2.35% and 2.00% tax-free/ AER respectively. We also have a 2 year base rate tracker ISA, which guarantees to pay Bank of England Base Rate plus 1.75% for 2 years. This account is currently paying a market leading high street rate of 2.25% tax-free/ AER (variable).

“The new 2013 / 2014 tax year starts this Saturday, 6th April, when we have extended the opening hours for many of our branches to allow customers to maximise their tax free return. They can place funds in our market leading 30 day notice account now, choose an ISA with the Society and transfer their subscription during April without giving the 30 days notice.”

For more information, customers can call into their local branch, visit the website at, or call the savings hotline, on 08450 540 995.


Notes to Editors

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £10.3bn (as at 31 December 2012). The Society has operated from the centre of Leeds since 1886.