Taking interest on CASH ISA periodically.

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1

Hi there,

I would like to be able to take the interest accrued (ONLY the interest) from my Cash ISA periodically. Has anyone found a way of doing this?

I’ve noted when you withdraw money from Cash ISA the withdrawal is taken from the invested amount (the annual allowance!) e.g.

£10,000 investment - grows to £10,100 over time (£100 interest accrued).
You withdraw £100 and the result is £9,900 investment! + £100 interest = £10,000 but the money comes from the base investment/annual allowance.

There should be a way of receiving the accrued interest without affecting the base investment?

Thoughts?

TIA - Darrell

2

There’s absolutely no reason to do this. It makes no difference whatsoever.