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Thread: ISA savings

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    Trusted Member stevewool's Avatar
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    ISA savings

    From April this year you can now save £20,000 tax free, this is up from over £15,000 on 2016 rate.
    Great for some if you can save that amount but with the very poor rates that is out there is it still worth it.
    You are allowed to save around £74,000+ in normal savings accounts now with out paying any tax on these and with the ISA savings not being added to your limit, you could have a nice little nest egg going.
    I wonder if there will be anymore insentives for people to save or even put more into there pension pots come tomorrow.


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    Respected Member Longweekend's Avatar
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    One of the best things you can do is put as much into your works pension as possible each month, as it is taken tax free and if you pay 40% tax you save all of that...


  3. #3
    Trusted Member stevewool's Avatar
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    Quote Originally Posted by Longweekend View Post
    One of the best things you can do is put as much into your works pension as possible each month, as it is taken tax free and if you pay 40% tax you save all of that...
    Yes you are correct, and if I was staying here that is what I would do, but lest then 2 years left it's not worth it for me


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