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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
NS&I ISA Help
bitgiggy
Posts: 99 Forumite
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
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
0
Comments
-
You can leave the interest invested, and you'll then earn interest on the entire balance (irrespective of whether your balance exceeds £3000).Stompa0
-
Wow I really didn't know this.
Thanks a lot!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards