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ISA accounts
chicago76
Posts: 5 Forumite
How would I calculate the net rate of interest on a ISA account that has an AER of 5.06% and I'm a basic rate tax payer of 20%
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Comments
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You wouldn't because because net and gross interest is the same for Cash ISAs. If you want to compare ISA rates with gross interest on non-ISA accounts as a basic rate taxpayer increase the ISA rate by a quarter.0
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