We'd like to remind Forumites to please avoid political debate on the Forum. 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.
We're aware that dates on the Forum are not currently showing correctly. Please bear with us while we get this fixed, and see Site feedback for updates.
ISA, income tax & gains

Patr100
Posts: 2,710 Forumite


Ok I've read many of the threads etc . but roughly in cash or percentage terms, what kind of differences are we talking about? As I currently only work part time and take home about £2000 a year , I still seem to be paying some income tax . Not sure why I thought I wouldn't as isn't it below my personal allowance? Can anyone explain that?
Can anyone give me a clear example of the percentage gain - compared with non ISA investment accouints - to be made eg on each thousand invested - via an ISA if a tax payer? I don't have much income obviously but seem to be paying income tax, though also have some savings.
Can anyone give me a clear example of the percentage gain - compared with non ISA investment accouints - to be made eg on each thousand invested - via an ISA if a tax payer? I don't have much income obviously but seem to be paying income tax, though also have some savings.
0
Comments
-
20% of the interest,so on £1k
5% typical interest rate = £50
20% of interest = £100 -
Ah right. Thanks.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.3K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 240.9K Work, Benefits & Business
- 617.2K Mortgages, Homes & Bills
- 175.7K Life & Family
- 254.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards