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Pensioners tax free allowance and ISA
jwmcfc
Posts: 1 Newbie
I can get a monthly income from a fixed rate ISA bond available from the Nationwide. Can anyone tell me if the interest would be used to reduce my age-related tax free allowance?
0
Comments
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Interest on ISAs does not form part of your taxable income and does not have to be declared on your tax return - so no, it won't reduce your age allowance.0
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