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ISAs
money13
Posts: 11 Forumite
Can someone clarify something for me?
Me and my husband currently have no ISAs.
We are comings into some money in a few months and would like to fill our cash ISA allowances.
We are likely to take them out this June. Would we be able to move them in March/April time to bag a good fixed rate, with the plan of adding our full 2014/2015 allowance as soon as we can?
Also, does any interest you have made transfer too and keep it's tax free status? Or is that paid out separtely?
Sorry for my lack of knowledge on this. I've looked up explanations but none seem to answer my questions.
Many thanks
Me and my husband currently have no ISAs.
We are comings into some money in a few months and would like to fill our cash ISA allowances.
We are likely to take them out this June. Would we be able to move them in March/April time to bag a good fixed rate, with the plan of adding our full 2014/2015 allowance as soon as we can?
Also, does any interest you have made transfer too and keep it's tax free status? Or is that paid out separtely?
Sorry for my lack of knowledge on this. I've looked up explanations but none seem to answer my questions.
Many thanks
0
Comments
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I replied in your original post as well. But,
This place is fine. A lot of the regulars browse both here and Savings area.
ISA interest remains in the ISA as tax free interest, and can also earn tax free interest.
As to your first question it depends on the ISA you pick. The majority of bog standard ISAs you are fine to do so. But some fixed term ISAs (1 year, 2 year etc.) only allow 1 deposit or deposits for X number of days.0 -
Thank you, all my questions answered
just replied in the other section. 0
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