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ISA anniversary date / interest payment
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Scruffy_Meee
Posts: 48 Forumite
I opened an ISA with the Nationwide back in Feb last year, I put in 20K straight away and then in April I added another 20K so it is maxed out. From reading up the Nationwide pay the interest on the anniversary date of which the ISA was opened which would then take it over the limit for the year, is this allowed or will it cause issues?
0
Comments
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There is no limit to the interest you are allowed to earn in an ISA. There is only a limit as to how much YOU can pay in.
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Interest is not counted towards the annual allowance. Only money you pay in.
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