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Interest accumulations in a cash ISA

Last post Wed, Sep 30 2009, 11:04 PM by vickipackham. 2 replies.
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  •  Wed, Sep 30 2009, 11:04 PM

    Re: Interest accumulations in a cash ISA

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    Ooh - that is good news, thank you!
    • Post Points: 5

  •  Wed, Sep 30 2009, 10:03 PM

    Re: Interest accumulations in a cash ISA

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    Interest doesn't count towards your limit - the limit is how much you add to each year and disregards interest.
    • Post Points: 20

  •  Wed, Sep 30 2009, 9:48 PM

    Interest accumulations in a cash ISA

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    Just wondering if interest payments count towards your annual limit on a cash ISA? I currently pay £300 a month & now get paid interst on the amount monthly. Do these interst payments count towards my maximum £3600 per year I am allowed to save tax-free or is that counted as something different?

    I am wondering if I should reduce the payments slightly?

    Thanks
    • Post Points: 20
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