Martin Lewis has sounded an urgent alarm to millions of individuals squandering money, stressing the imperative for immediate action.

The Money Saving Expert luminary has implored savers to address their cash ISAs without delay. During his Martin Lewis Podcast discourse this week, he elucidated that a cash ISA serves as a tax-free savings avenue, accessible with a mere £1 deposit.

This financial instrument enables savers to maintain tax-free status annually, contingent upon refraining from withdrawals.

Nonetheless, the official deadline to utilize this year’s allowance is 5 April, emphasizing the importance for individuals to ensure they don’t miss out. 

More About Martin Lewis

Lewis established the website MoneySavingExpert.com. In 2012, he sold the website to the Moneysupermarket.com group for a sum potentially reaching £87 million.

Presently, Lewis serves as a presenter for ITV, featuring on the morning programs Good Morning Britain and This Morning since 2007. Additionally, he hosts The Martin Lewis Money Show.

Lewis maintains a bi-weekly column in The Sunday Post and a syndicated column in The Yorkshire Post, the Manchester Evening News, and the Express & Star, among others.

He has served as a columnist for The Sunday Times, News of the World, The Guardian, and the Sunday Express. Across these platforms, his columns consistently revolve around the theme of saving money.