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Re: Cash Isa's?

  •  Thu, Jun 21 2007, 4:31 PM

    Re: Cash Isa's?

    The advantage of cash ISA's is that the interest is paid gross (ie you dont pay tax on it).  The disadvantage is that you can only put a maximum of £3k in during any one tax year, and once withdrawn cant be put back in again if this would result in you exceeding the £3k.

    If you are a taxpayer than I would recomend making as much use of cash ISA's as you can.


    Dave

    P.S. I feel obliged to point out, I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
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