i have compensation money in isa`s do i have to declare it ? or is it clased as private
i put my works compensation money into isa`s is this clased as savings or not / as its compen
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27rowlystravel postedhave you got redress or compensation? redress is completely free, but sometimes compensation may have a tax liability.
From experience, any declaration would only likely be needed regarding the 8% statutory rate of intertest that may be added to the compensation, so you would be expected to pay 20% on the interest element
the ISA company will never know, but it is your duty to declare any and all earnings prior to putting the money in
Posted on 28 July 2009 |
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