Quick ISA question...

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
12 replies 934 views


  • Just_landedJust_landed Forumite
    608 Posts
    Part of the Furniture Combo Breaker
    I'm still not sure what % I want in cash compared to S&Ss hm.

    And when did ISAs start? No idea, 90s I think.... I think. I shall try to find out.[/quote]

    I took out my first PEP in 1990 under the Cons which is the for runner of Stocks & Share isa's so named by Prudence and then he taxed them at 10% at source just like the pension funds.:(
  • tiptoe_mousetiptoe_mouse Forumite
    334 Posts
    Part of the Furniture 100 Posts
    Probably worth noting that TESSAs were more restrictive then cash ISAs. To get the tax break you had to keep them open until maturity - they had a five year term. I for one was never in a position to take advantage of TESSAs and wouldn't be now if they were still running - I've never been in a position to be able to tie my savings up for five years. As soon as cash ISAs were launched I opened an instant access one (with Nationwide, if I remember rightly). I've not been able to max out every year, but have still built up a nice sum with interest. Unfortunately, I transferred the lot into icesave....

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