How much interest did you make on your ISA this year?

£914 Interest - which I don't touch......Not bad for doing nothing.

And I am on target to have £225,000 in both mine and the wifes by 2030 (if ISA's and both of us are still around & I don't spend the yearly Interests) - I set yearly targets for both our ISA's which I have managed to stick to for the last few years.


Unfortunately, this isn't really a saving thing - it's our sort of personal pension to suppliment our company pensions (which I don't trust)
 
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I'm trying to leave £500 in there, but parents keep lending money lol.. so far £1.85
 
Not got round to setting up any ISAs are yet but keep meaning to, made 834.72 in interest off bank account so guessing an ISA would be worth putting in place
 
Not sure, got £6,393 in there atm :p

Any ideas when I can add some more ?

I'm presuming its now.. seeing as someone in here just mentioned adding more
 
richard smith said:
This savings lark is cool... £341 for nothing.
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Saving is indeed cool, it buys you security, and that's priceless!

However when looking at your 'free' money remember that inflation is the only *true* stealth tax, and these days it's hard to trust official figures (which are regularly tweaked to make them look good). So for every pound you get in interest, a significant chunk of that (maybe even more than a pound if you're poorly paid and spend a high proportion of your income on food & energy) is being eaten away by inflation.

Still, that's no reason not to save. Having some money in reserve is always better than none... unless your name is Bear Stearns or Northern Rock, in which case the taxpayers can always give you some more. They don't need it, after all. ;-)

Andrew McP... who can't be bothered to add up the monthly interest in his Cash ISA. It's always less than I expect. :-)
 
Skiddley said:
Truth is...and I'm not advocating tax evasion here..you can set up a simple, immediate access savings account to not take tax on interest automatically. When you fill in your tax return it's down to you to declare that income....say you make a few hundred quid a year and don't declare it...do you really think the tax office will investigate? I fink not. It costs a lot to investigate someone, if they won't make a profit, they're unlikely to bother.
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LOL - you funny.
Banks are audited bit style and on a yearly basis.
To save a few £ in tax are you willing to risk years in prison?
Tax evasion can and does get you jail time - is it really worth it?
 
I'll check tomorrow, but it'll be somewhere within the £150-200 range because I had £3,000 + interest compounded from the previous tax year + another £3,000 on top. The interest from my first year was ~£100.
 
No idea, havnt checked.

Need to get my premium bond money back and put that into my ISA aswell me thinks.
 
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