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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
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Yes, although once in a non-ISA account, any interest subsequently earned on that money there is subject to tax.0
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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 However if it is a fully easy access account the interest can be withdrawn but watch for accounts with a restricted number of withdrawals0
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