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Cash Isa
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I want to understand something as never opened ISA before. I am investing into one with 2 yr fixed and am opening one up for my wife with one year fixed. Next year when hers matures and I open a new one for her and transfer across the funds,do I have to leave the interest in the original or transfer it into the new or withdraw it and do I have to pay tax if I withdraw the interest?0
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ISA’s are tax free. You can do what you like with the interest.Markyh65 said:I want to understand something as never opened ISA before. I am investing into one with 2 yr fixed and am opening one up for my wife with one year fixed. Next year when hers matures and I open a new one for her and transfer across the funds,do I have to leave the interest in the original or transfer it into the new or withdraw it and do I have to pay tax if I withdraw the interest?Mortgage free
Vocational freedom has arrived0 -
There is a sub forum just about ISA's, mainly about Cash ISA's. IF you spend an hour reading through that you will pretty much know everything about ISA rules.Markyh65 said:I want to understand something as never opened ISA before. I am investing into one with 2 yr fixed and am opening one up for my wife with one year fixed. Next year when hers matures and I open a new one for her and transfer across the funds,do I have to leave the interest in the original or transfer it into the new or withdraw it and do I have to pay tax if I withdraw the interest?
ISAs & tax-free savings — MoneySavingExpert Forum
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