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How to split £5000?

Hi All,

My wife and I have £5000 sitting in a joint account. We want to move this into Mini Cash ISAs. I am a higher rate tax payer and my wife is a lower rate taxpayer. Any ideas on the best way to split this and invest in 2 ISAs?

We are not likely to invest any further in these ISAs this tax year or withdraw this money for the foreseeable future.

TIA for your help.

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Free_Mike wrote:
    ...Any ideas on the best way to split this and invest in 2 ISAs?...
    The way you split this does not make any difference. In any case you will get gross (tax-free) interest on this amount.
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