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Does interest accrued on ISA Balance count in the £3000 pa pay in limit?
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nicoledwards
Posts: 12 Forumite
I want to make sure that I top up my ISA at the start of April to have got the full £3000 for the year, but I am confused as to whether interest payments I get monthly added to the balance count as part of the £3000 limit. Does anyone know if the interest is counted?
Proud Mummy to DS born 13/05/2006 & expecting DD 06/07/2010
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No, interest is not counted, only actual cash you pay in.
I'd imagine there may be some people who will be earning in excess of £3000 annually in interest by now.
EDIT - I now realise that the above statement is highly unlikely, if not impossible.0
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