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how to calculate net rate interest on ISA

How do you calculate the net rate of interest for a basic rate tax payer
on the AERof 5.06% on a ISA account

Comments

  • Paul_Herring
    Paul_Herring Posts: 7,482 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    If you mean the equivalent gross rate on a normal savings account to get 5.06% as a net after 20% tax:

    5.06 * 100/80 = 6.325%
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
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