The process allows savers to sell investments held in a taxable environment and repurchase them within a tax wrapper, helping to protect future income and gains from tax.

‘With the tax year end falling on the Easter weekend, savers must time the transactions carefully to ensure they don’t miss out,’ says Alice Haine, personal finance analyst at Bestinvest.

Bed & ISA, also known as Bed & Pension for pension savers, allows savers to sell investments held in a taxable environment and repurchase them within an Individual Savings Account (ISA).