What is the attraction of an ISA?
Question asked by: knowitall
An ISA can be attractive for a couple of reasons.
The minor reason is that the interest rate can be quite good especially if you shop around.
The major reason is that it is a tax free savings vehicle and therefore any interest you earn will not be taxed. This is therefore of course a particular advantage if you are a higher rate tax payer.
By: Unknown
Average rating for this answer is 4 / 5
Rate Answer
Comment or provide your answer to this question
No comments have been added to this question "What is the attraction of an ISA?".
No comments have been added to this question "What is the attraction of an ISA?".
Ask a New Question
Find out more about Money
Money Questions and Answers saving and investing Questions and Answers Next question: Do high street banks represent poor money?
Become a Member! It's Free >>>
Share on Facebook: 
On Twitter:
Tweet this!
Question Keywords
isa attraction
More Questions:Can I Keep A Windfall
What Are My Legal Rights With Credit Card Purchases?
How Do I Bank My Savings For A Down Payment On A House?
Why Are Savings Rates So Low In The UK?
What Is An Annual Bonus On A Bank Account?