There’s no limit on the total amount you can hold in ISAs. It’s just a limit of adding £20k per year to the total. All interest on all iSAs is tax free. Not just on one every year.
That’s for the estate of an individual?
Get off your high horse and hang on a minute now is it a few bob is exactly that it isn't mega wealth a few grand maybe, I wasn't or intending to include those with 100 or 100's of thousands or millions
Average figures are meaningless, unless backed up by all the figures.
Exactly! You just let it sit for years. Hardly rocket science. 100k tax saving in 5 years that’s okay.
Yep.
A few grand and you won’t pay tax. Which is what we are talking about about.
Yes you have. You just ignore the houses that they own outright without any mortgage.
It was said on a news channel about people not understanding ISA's Stocks and Shares Bonds etc, there's a thought about teaching school children about it all, good Idea in my view perhaps it'll teach them the value of money, I've always been the type that if I had a pound in my pocket I'd spend two, bit better these days I suppose, but old habits die hard. on isa's bonds, shares etc there's loads of things advertised on places such as FB, but would you trust them? I wouldn't even if I had any money to do so.
Mumbles, Gower, Derwen Fawr.
Do they take bricks as payment instore for food and energy bills now, didnt realise.
It’s a startling figure and much higher than I had considered.
Well' they'll hand those houses down to their children and grandchildren and why shouldn't they, they worked hard and long enough to pay for their houses and usually at least over three times the houses value, in most cases with 40yrs mortgages, wife and I are in our 60's and we only paid ours off this year.
I completely agree with you.
