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Annual Interest on a Fixed Rate Cash ISA
toga38
Posts: 7
Forumite
Hello, I was thinking of opening a 5yr fixed rate cash isa. The ISA provider allows you to pay annual interest earned, into a current account. Will the annual interest be subject to Tax? Thanks
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Comments
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No, but any interest that it subsequently earns outside of an ISA might be.
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Thank you Barkin
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