Cash ISAs capped at 12,000 (a year)

jimjames

ColdIron said:

Presumably any interest earned would contribute to your adjusted net income (and might need to be declared on your self assessment) thus pushing some into a higher tax band (even the 65 and overs)? From ISA earnings!

Or the broker pays no interest on cash balances as I believe was the case prior to 2014 (although obviously the years just prior to 2014 were ones with base rate at 0.5% so hardly a loss) If the assumption is that cash in a S&S ISA is waiting investment then it shouldn't be a major issue.