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07 October 2008

How do I calculate if offsetting is better than a cash ISA

I have an offset mortgage with current account, regular savings and some cash ISAs offset against it. I also have some cash ISAs with another provider. I want to withdraw a resonable amount of cash from one of these sources. Assuming they are all tax free, is it simple a case of comparing the mortgage rate against the ISA rate from the third party to determine where I should take my cash from? Is my level of taxation a factor?

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