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Re Cahoot Sunny Day Saver
pennyfarthing66
Posts: 30 Forumite
Apologies if I've missed the answer to this elsewhere.
Is the maximum £3k for interest purposes referring to capital only, or would it include any compounded interest?
Thanks.
0
Comments
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It refers to the maximum balance upon which you will earn interest.0
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I choose annual interest payment over monthly interest payments. Anything above £3000 capital balance earns 0%. Simpler for HMRC interest calculations and also who needs the extra work every month of skimming off a small interest payment.
3
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