ISA Question regarding interest earnt

Feb 15, 2009 3 Replies
J

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

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

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