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ISA Interest

Mark Smith
Posted Wed, 12 Jun 2024 14:06:17 GMT by Mark Smith
Hi , my wife has a cash ISA that we have deposited £20k as this years allowance. Interest is paid monthly into her savings account. This account also pays interest, but ISA interest should be tax free, how do we make sure that the interest earnt on a ISA and paid into a saving or current account remains tax free ?
HMRC Admin 32 Response
Posted Fri, 14 Jun 2024 10:56:34 GMT by HMRC Admin 32 Response
Hi,

The account provider wont tax the interest and it wont be declared to HMRC.

Thank you.

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