Cash ISA's. can someone explain in the easiest way possible? - cash isa account
I am a little about what is an area of ISA confused.
Basically, I know its a
Thats tax free savings account
can bring a certain amount of money? (How much is this?)
and that's all.
I do not understand what not to say that people with money or count it or not be able to save money this year? I do not understand.
Even if I am not more than 3,600 per year on behalf of the CASH ISA, add, or I dont recommend touching part of the money in my cash ISA to make sure that I my interest, I must open a separate savings account (for example, with a check account) in order to save others, too?
btw in with NatWest, if it helps someone?
Saturday, January 16, 2010
Cash Isa Account Cash ISA's. Can Someone Explain In The Easiest Way Possible?
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2 comments:
A cash ISA is essentially a means of saving escape having to pay taxes on the money. The £ 3600 is the amount by which the government authorized to file each year - but it can be withdrawn from the account if you want, without penalty, but it's better to leave everything to the maximum benefit from receiving interest
After the year, no, you do not have to move, to remain there and the interests - may be cash for the £ 3600 when it again (or whatever the figure, the government insert sets for the supply of AIS) as they gain more from your current account statement. The interest rate ISA are usually higher than on other accounts as a tax -
A cash ISA is essentially a means of saving escape having to pay taxes on the money. The £ 3600 is the amount by which the government authorized to file each year - but it can be withdrawn from the account if you want, without penalty, but it's better to leave everything to the maximum benefit from receiving interest
After the year, no, you do not have to move, to remain there and the interests - may be cash for the £ 3600 when it again (or whatever the figure, the government insert sets for the supply of AIS) as they gain more from your current account statement. The interest rate ISA are usually higher than on other accounts as a tax -
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