Future Interest ISA Question

lulubelle35

Hello

Please forgive me if this is already answered and I have missed the relevant information.

I understand you can put up to £3600 into a cash isa each tax year with tax free interest. My question is this - as the amounts of isa's or amounts of cash in the isa build up over the years is the interest always tax free on all isa's/cash saved previously not just the one in the current tax year?

Hungerdunger

Yes, it's always tax-free as long as you keep it in an ISA, and furthermore, if you have the interest which it earns paid into the ISA, that too generates tax-free interest.