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ISA interest paid into a current bank account..
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Zacson01
Posts: 1 Newbie
Will I have to pay tax if I’ve received interest from other savings accounts and my ISA interest takes me above the £1000 interest allowance for this year? Thanks in advance for any help!
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No, any interest gained within an ISA is not taxable.1
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The whole point of cash ISA's and the reason to save in them, is that any interest generated is not taxable.Zacson01 said:Will I have to pay tax if I’ve received interest from other savings accounts and my ISA interest takes me above the £1000 interest allowance for this year? Thanks in advance for any help!
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