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    Hi

    So the allowance this year is £15240.

    Does that mean you can put £15240 this year into investment and the interest or profit earned is tax free and unlimited amount given that you cannot put more money in that year but only use the profit you earn back to investing.

    Or does that mean you can put how much money you want to invest but the profit gained back tax-free is maximum £15240 ?

    Kind of lost here




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    (Original post by Senhuang)
    Hi

    So the allowance this year is £15240.

    Does that mean you can put £15240 this year into investment and the interest or profit earned is tax free and unlimited amount given that you cannot put more money in that year but only use the profit you earn back to investing.

    Or does that mean you can put how much money you want to invest but the profit gained back tax-free is maximum £15240 ?

    Kind of lost here




    Posted from TSR Mobile
    The second one
 
 
 
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