News, Tax
IFISA
With the Bank of England holding interest rates at a record low, why would you choose to open a cash ISA?
You could lose all your money invested in this product.
This is a high-risk investment and is much riskier than a savings account.
ISA eligibility does not guarantee returns or protect you from losses.
With the Bank of England holding interest rates at a record low, why would you choose to open a cash ISA?
If you are a non UK resident, you may be able to reclaim a proportion or the entire 20% withholding tax attached to the interest paid.