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ISA's and gross interest
cheeks
Posts: 211 Forumite
I am a full-time mum so don't earn or pay tax. If i apply for gross interest on my savings would i have to move my savings from my ISA to another account? Are you allowed gross interest and ISA's? x 
If marriage means you fell in love, does divorce mean you climbed back out?:rotfl:
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I am a full-time mum so don't earn or pay tax. If i apply for gross interest on my savings would i have to move my savings from my ISA to another account? Are you allowed gross interest and ISA's? x
U are allowed Gross interest up and until a Personal allowance is reached. ( R85 must be completed for Non ISA Savings accounts, ISA accounts are automatically paid Gross)
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/DG_4015583 ( next years Personal Allowances)
Non ISA account rates can often be higher for non taxpayers than ISA account rates.
http://www.moneyfacts.co.uk/savings/bestbuys/default.aspx0 -
Thanks for replying, the links answered my questions xIf marriage means you fell in love, does divorce mean you climbed back out?:rotfl:0
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