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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.

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isa  attraction  

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