Savings And investments Flashcards
1
Q
2 Advantages of an ISA
A
Not charged income tax on interests or profits you earn
Higher interest rates
2
Q
2 Disadvantages of an ISA
A
Limit on amount you can put each year
Notice for withdrawal
3
Q
2 Advantages of deposit and savings account
A
Interest paid
4
Q
2 disadvantages of a deposit and savings account
A
Interest is taxed
Notice to withdraw
5
Q
What is a junior ISA
A
For under 18s, limit on allowance
