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Anyone on State Pension urged to claim 'as much free government money as possible' before April 5

Millions of Brits are being urged to claim as much 'free government money as possible' before April 5.

Cash is available to Brits, but many don't know.

The deadline to claim it is April 5, so time is running out.

Laura Suter, head of personal finance at AJ Bell, has provided some tips as to what people need to consider before the April 5 deadline.

She encouraged Brits to maximise the free money they can get from the Government.

READ MORE:Number plate rule change coming into effect next month could alter the price of your car

Ms Suter said: “Whether it’s your pension, your Lifetime ISA or ensuring you claim tax breaks that you are eligible for, it’s important to get as much free Government cash as you’re entitled to.

“Pensions benefit from tax relief at 20 percent for basic-rate taxpayers, but higher and additional rate payers can reclaim an additional 20 percent or 25 percent tax relief respectively through their tax return.

“That means for a basic-rate taxpayer every £1 in your pension only costs you 80p and for a higher-rate taxpayer every £1 in your pension only costs you 60p.”

Lifetime ISAs also allow Britons to get up to £1,000 of free money from the Government each year, if someone puts in the maximum £4,000 contribution.

Ms Suter continued: “If you have some spare cash you were planning to put into your Lifetime ISA and still have some of this year’s allowance left, make sure you do it before the tax year end and claim that free cash.

“Just be aware that you can withdraw Lifetime ISA money once you’ve reached age 60 or earlier to buy your first property, but if you take the money out for any other reason (apart from severe ill health) you’ll pay an exit penalty of 25 percent.

“You should also check that you’re

Read more on manchestereveningnews.co.uk