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    • Patr100
    • By Patr100 13th Jan 05, 3:07 AM
    • 1,514Posts
    • 952Thanks
    Patr100
    ISA, income tax & gains
    • #1
    • 13th Jan 05, 3:07 AM
    ISA, income tax & gains 13th Jan 05 at 3:07 AM
    Ok I've read many of the threads etc . but roughly in cash or percentage terms, what kind of differences are we talking !about? As I currently only work part time and take home about 2000 a year , I still seem to be paying some income tax . Not sure why I thought I wouldn't as isn't it below my personal allowance? Can anyone explain that?

    Can anyone give me a clear example of the percentage gain - compared with non ISA investment accouints - to be made eg on each thousand invested - via an ISA if a tax payer? I don't have much income obviously but seem to be paying income tax, !though also have some savings.



Page 1
  • deemy2004
    • #2
    • 13th Jan 05, 5:20 AM
    Re: ISA, income tax & gains
    • #2
    • 13th Jan 05, 5:20 AM
    20% of the interest,so on 1k

    5% typical interest rate = 50
    20% of interest = 10

    • Patr100
    • By Patr100 13th Jan 05, 7:03 PM
    • 1,514 Posts
    • 952 Thanks
    Patr100
    • #3
    • 13th Jan 05, 7:03 PM
    Re: ISA, income tax & gains
    • #3
    • 13th Jan 05, 7:03 PM
    Ah right. Thanks.

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