Remember to use your annual £20,000 ISA allowance by the 5th April 2019 or you will lose it for the year! All income generated from the ISA is tax free and the £20,000 may be split between cash or stock ISA’s or all in one. The new annual allowance will start on the 6th April. Use it or lose it !
The latest news from PMC Partnership incorporating Pomfreys Accountants – 1st October
If are a non tax payer earning below £12,570 you can earn up to £5,000 tax free of interest. If you are a basic rate tax payer earning over £12,570 up to £50,000 you can earn up to £1,000 of interest tax free.