A good start to new tax year

The first day of the new tax year was an excellent one for the UK stock market.

Following a strong performance on Wall Street on Easter Monday, many shares rose in value on April 6, especially those in the FTSE 250.

The index tracks the next 250 largest UK-listed companies after the FTSE 100.

■■Do you have a Lifetime ISA? If the answer is yes, don’t get caught out by increased withdrawal charges.

From March 6, 2020, to April 5, 2021, the Government reduced the charge to 20% to help investors access their money during the pandemic. But as the world gradually gets back on its feet, it has now reverted to 25%.