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Pretty financially illiterate and trying to understand how Cash ISAs work.
Is it correct that if my income in a year is 55k, and when I submit my Self Assessment Tax Return I declare that I have 10k in a Cash ISA, then that 10k over the threshold won't be taxed?
Thanks
With the ISA deadline looming, just wondering whether anyone had any recommendations?
I've just had one of the 'stocks and shares' variety which did well, but I didn't really invest the time needed, so maybe looking at those pre-packaged varieties (such as the M&S Investment ISA, backed by HSBC...