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Re: ISA'S

  •  Mon, Oct 22 2007, 5:09 PM

    You don't have to wait to April if you still have any/all of this tax year's cash ISA allowance to play with. You can make contributions of up to £3000 in total into a cash ISA in any given tax year at any time. You can also stop/start/close/take out your money when you want - no conditions that way (assuming you take out an instant access one i.e. no fixed term).

    The only real differences versus a standard bank account are:

    No more than £3000 in total can be paid in in any one tax year

    You get your interest tax-free

    Hope this helps!

     

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