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Working Tax Credit Query
Welshjanice
Posts: 1 Newbie
My one year bond matures soon and I have to notify the building society what I want to do. If I re-invest capital plus the interest will I loose the current amount of WTC that is being paid now?
Or would it be better to get the b/soc to transfer some of the money into my ISA?
Many thanks,
Or would it be better to get the b/soc to transfer some of the money into my ISA?
Many thanks,
0
Comments
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Not really sure but I think you'd have to declare interest over £300 pa. If I'm right then it should be the same even if you put it straight into another account. I think there are a couple of members on here who work at the Tax Credit office so it might be as well if you wait for their responses.
This shouldn't really affect your WTC too much I'd have thought
I'd always put the max into a cash ISA anyway. You can't loseI'll get you, my pretty, and your little dog too!0
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