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ISA contributions timelines
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tw1995
Posts: 1 Newbie
Hey, does anyone know if ISA contributions stop being treated as ISA balances after a period of time? Wether since deposit or since engagement… I expect the answer to be no but no clue if there’s confirmation in the market! Referring to investment stocks and shares ISAs rather than generic cash saving isas.
Thanks a bunch
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Comments
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Once money is in an ISA it stays there, with its tax-free status, until you withdraw it....0
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...or Mr Hunt decides to strip them of their tax free status. With three quarters of a trillion pounds saved in ISAs that's a lot of forgiven tax on the interest earned.
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