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  • thats an immediate 20% profit...

    I think its more like a 20% extra on your profit when you think about it, not on capital. So at the end of the day (year), still less than inflation.

    On another note. All this chatter about ISAs... Correct me if Im mistaken, you only need to consider this if youre about to exceed your capital gains tax free allowance (£12300) in a given tax year, right?

  • Depends exactly how those returns are coming about. Interest has an allowance of £1,000 down to £0 for high earners (those taxed at 45%).

  • That would apply to a cash ISA, but not a S&S ISA, right? And interest tax on savings is a separate thing from capital gains tax as far as I understand.

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