FAQ About Individual Savings Accounts

Individual Savings Accounts
one year ago | alfred

How does an ISA impact my eligibility for government benefits?

ISAs generally do not impact your eligibility for government benefits, as they are considered tax-free savings vehicles and not income. However, some means-tested benefits may take your ISA savings into account when determining your eligibility. It is essential to check the specific rules for each benefit to understand the potential impact of your ISA savings.