ISA Question regarding interest earnt

- J
- James
  
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posted
15 years ago

Sun, Feb 15, 2009 11:20 AM

I have the maximum in a cash ISA for the current tax year. Will I be penalised if the interest takes me over my personal allowance of 3600? My statement shows the interest has been added to the balance.

Thanks

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- A
- Andy Pandy
  
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posted
15 years ago

Sun, Feb 15, 2009 11:26 AM

Nope - the 3600 is the max you can put in per year, interest can be added on top of that.

- J
- Jonathan Bryce
  
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posted
15 years ago

Sun, Feb 15, 2009 11:29 AM

- J
- James
  
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posted
15 years ago

Sun, Feb 15, 2009 11:56 AM

Thankyou Andy and Jonathan.

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