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WorksheetsISA Basics
Total questions: 10
Worksheet time: 3mins
What is the interest penalty for closing a 2 Year Fixed Rate ISA early?
90 days
120 days
180 days
240 days
What is the final date of the tax year?
4th April
5th April
6th April
31st December
What's the maximum amount of interest that the personal savings allowance allow a customer to earn tax free?
None
£100
£500
£1,000
What is the Junior ISA allowance?
£4,000
£9,000
£20,000
Unlimited
In what tax year did the overall ISA allowance become £20,000?
2021/2022
2016/2017
2015/2016
2017/2018
What forms would be required for a customer to open a cash ISA and arrange an ISA transfer in?
General Application form & ISA Transfer Authority form
ISA Application form & ISA Amalgamation/Revalidation form
ISA Application form & ISA Transfer Authority form
ISA Application form and Transfer History form
The two methods that an ISA can be transferred from one provider to another are manual and
(a)
How long does a customer have to cancel any newly added ISA money?
There is no cancellation period
21 days
7 days
14 days
How many cash ISAs can a customer pay new money into per tax year?
(a)
Who is the Chief Executive of Skipton Building Society?
David Cutter
Stuart Hare
Ian Cornelius
Stuart Haire
