Donate SIGN UP

Cash Isa Query

Avatar Image
Mike25 | 18:55 Fri 02nd Feb 2024 | Business & Finance
3 Answers


I'm new to investing and trying to save a pension as I currently don't have one. I do have savings.

We are coming to the end of the tax year, can I invest 20k into a cash isa in March, then are the tax year in April put another 20k into it. Will this avoid having to pay tax on savings?





1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by Mike25. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

Yes and yes

If you don't already have an İSA for the current tax year you can take one out of up to £20k. You can then add a further £20k to that İSA or to a new one when the new tax year begins.

Can I ask how old you are Mike? Are you working?

A personal pension is also an option. 

If you go for an ISA are you looking at a cash ISA or stocks and shares? 

some useful info here

1 to 3 of 3rss feed

Do you know the answer?

Cash Isa Query

Answer Question >>

Related Questions