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Interest on ISA
Saffagal
Posts: 684 Forumite
Apologies if this comes across as a silly question but I've recently received an inheritance and would like to put £9000 into a junior ISA for each of my children.
I understand this is the maximum I can put into a junior ISA.
My question is regarding the interest: if this is paid into the junior ISA would this be considered new money going into the ISA and therefore take it over the annual limit?
I understand this is the maximum I can put into a junior ISA.
My question is regarding the interest: if this is paid into the junior ISA would this be considered new money going into the ISA and therefore take it over the annual limit?
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Comments
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No it wouldn't.0
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Thank you.0
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