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.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Quick Income support question
vanguard1
Posts: 17 Forumite
If you are in receipt of IS is there any rule saying you are not allowed to have a fixed-rate ISA account (an account that gives you interest in exchange for not being able to touch that money set aside)?
0
Comments
-
you can have an ISA. If your total savings including the ISA is more than £6k, your means tested benefits would be reduced and over £16k they would stop0
-
If you are in receipt of IS is there any rule saying you are not allowed to have a fixed-rate ISA account (an account that gives you interest in exchange for not being able to touch that money set aside)?
as above it still counts as capital,and even though its fixed rate you can withdraw it you just lose e.g 90 days interest0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards