We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Interest from Cash ISAs

AllenbyCyp
Posts: 1 Newbie
If interest is paid monthly on a cash ISA, can that interest be moved to another non-ISA account without tax liability?
0
Comments
-
Yes, although once in a non-ISA account, any interest subsequently earned on that money there is subject to tax.0
-
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 However if it is a fully easy access account the interest can be withdrawn but watch for accounts with a restricted number of withdrawals0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards