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Interest from Cash ISAs

If interest is paid monthly on a cash ISA, can that interest be moved to another non-ISA account without tax liability?

Comments

  • eskbanker
    eskbanker Posts: 37,439 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yes, although once in a non-ISA account, any interest subsequently earned on that money there is subject to tax.
  • Malchester
    Malchester Posts: 994 Forumite
    Eighth Anniversary 500 Posts Photogenic Name Dropper
    Yes, assuming that the ISA allows the interest to be transferred out. Some accounts, especially app only accounts require interest to be compounded. However if it is a fully easy access account the interest can be withdrawn but watch for accounts with a restricted number of withdrawals 
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