JDR90
Joined: 9/25/2023
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RE: Tax on saving interest
Would this situation require completing a self assessment? If Interest on savings under peronsal allowance? Thanks -
Cash ISA Question
I have two cash ISA’s (both cash) with the same Bank. 1. Opened in 2018 and no money has been added since the 2018/19 tax year. 2. Opened in 2020 and transferred to a 1 year fixed ISA that had a better rate in August 2023. £20,000 has been paid into this ISA in September 2023. ISA no. 1 has now been reduced to 0.25% after maturing and I wish to transfer this ISA to a cash ISA with a better interest rate, with the same Bank. I do not plan to add any funds. Is this allowed?