We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

isa's

Options

zee_2

zee_2 Posts: 566 Forumite

7 August 2009 at 9:59PM in ISAs & tax-free savings

please advise , for a non tax payer pensioner , what is the best isa , or is tax free savings better ?

0

Comments

Masomnia Posts: 19,506 Forumite

7 August 2009 at 11:33PM

Assuming you don't pay tax and won't be any time soon, then it's best to go for the highest rate you can find, whether it's an ISA or not.

“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
0
malik999 Posts: 376 Forumite

8 August 2009 at 11:53PM

zee wrote: »

please advise , for a non tax payer pensioner , what is the best isa , or is tax free savings better ?

At the moment there are better rates on savings accounts than ISA's so you're better off with a savings account.. hth

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

Categories

All Categories
351K Banking & Borrowing
253.1K Reduce Debt & Boost Income
453.6K Spending & Discounts
244.1K Work, Benefits & Business
599K Mortgages, Homes & Bills
177K Life & Family
257.4K Travel & Transport
1.5M Hobbies & Leisure
16.1K Discuss & Feedback
37.6K Read-Only Boards

MSE News

British Airways passenger? Book and travel using your old Covid vouchers NOW – or lose them
If you had a British Airways (BA) flight or holiday disrupted by the Covid-19 pandemic, check if you've got an old voucher as millions of pounds' worth are still unclaimed. You'll need to use it to travel before the end of September 2025 – or risk losing it. Below we explain how to search for unused vouchers and how to use them.