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andyp
I'm about 6 cans of Monster away from understanding what any of this means.
I understand the allowance (it's made up of a cash portion and a S&S portion or something).
What I don't understand is where I'm being taxed when I use an ISA cash product versus a Bonus Saver cash product.
For arguments sake, if I stick £5k into a Bonus Saver at 4% versus doing the same with an ISA - what's the practical difference? Am I supposed to declare the interest earned as income or something with one of them and not the other?