We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

NS&I ISA Help

THis might be a silly question but I can't find the answer anywhere else on their website.

Basically I've received my interest for the last tax year on my Isa, now can I withdraw this without it affecting my tax free allowance, surely I only earn interest on the £3,000 and not the interest I've been paid?

Thanks

Comments

  • Stompa
    Stompa Posts: 8,379 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You can leave the interest invested, and you'll then earn interest on the entire balance (irrespective of whether your balance exceeds £3000).
    Stompa
  • bitgiggy
    bitgiggy Posts: 99 Forumite
    Wow I really didn't know this.

    Thanks a lot!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.