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Maturing ISA Questions - Tax charged on interested earned when moved to another account
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You don't. They're warning you that withdrawing money from an ISA loses its tax free status. That's a correct statement from them.Harpy_leaf said:
OK, many thanks. Somehow I need to let Santander know that?!?Keep_pedalling said:There is no tax on anything drawn out of an ISA, and there is no limit on how much you can transfer from one ISA to another. The 20k limit applies to any new money added to an ISA.Remember the saying: if it looks too good to be true it almost certainly is.1
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