Savers warned: Here are the 10 big ISA mistakes to AVOID ahead of deadline Mortgage advice from Martin Lewis – WBNews

Time is running out to make the most of this year’s ISA allowance Up to £15,240 can be held in an Individual Savings Account (ISA) in the current tax year, which ends on April 5. Unused limits can’t be carried over to the following year, so it’s a case of use it or lose it. Amid ultra low interest rates and rising inflation, more savers are turning to so-called stocks and shares ISAs – which can hold a range of investments – over the cash equivalent. Keeping assets inside the tax-free wrapper, mean that payments from shares are protected from dividend, income and capital gains tax. Taking the first steps into investing can be daunting, but can pay off, as savings rates continue to languish. Investors should watch out for basic investment mistakesA lump sum of £15,000 invested in the FTSE All Share index from 2006 until 2016 would be worth £25,769 – whereas the average savings account would have returned just £15,844 over the same time period, according to calculations by Fidelity. However, there are a few basic pitfalls to aware of. 1. Don’t put all your eggs in one basketProtect portfolios from unforeseen events by making sure investments are not focused in just one or two areas. Adrian Lowcock, investment director at Architas, said: “Every investor has to start somewhere and to begin with this will often involve buying one share or fund. “Ensuring you pick a global fund provides diversification at the start of your investing career.”As…more detail