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Can a registered charity have a Cash ISA?
RoxyV
Posts: 1 Newbie
I was wondering if anyone knows, if a small registered charity can have a cash ISA?
We have a small emergency reserve budget, which is currently just sitting in a bank account....which could, if it was in an ISA, be making money for the charity.
Thank You
We have a small emergency reserve budget, which is currently just sitting in a bank account....which could, if it was in an ISA, be making money for the charity.
Thank You
0
Comments
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I very much doubt it but there are charity accounts available..0
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No. An ISA is an Individual savings account so only open to one person not even couplesRemember the saying: if it looks too good to be true it almost certainly is.0
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A charity can have a savings account without having to pay tax on the interest.
But it cannot have an ISA.
http://www.themanchester.co.uk/Savings/Details/128/business-tracker-issue-30 -
No.
ISA = INDIVIDUAL savings accountWe need the earth for food, water, and shelter.
The earth needs us for nothing.
The earth does not belong to us.
We belong to the Earth0 -
so, in effect, a charity doesn't need an ISA allowance anyway.0
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