Sign up for our Daily Trainers today and we will send you a multiple choice question every morning.
Improve your FINANCIAL knowledge no-matter which area of Finance you are interested in. Our questions are divided into eight categories; Equity Release, Investments, Mortgage, Pensions, Protection, Taxation, General and Regulatory.
Over 3,000 people subscribe to our Daily Trainers. Are you up to the challenge?
An ISA used to repay a mortgage has which of the following benefits?
The correct answer is - Proceeds that are free of income and tax.
The growth in an ISA is from tax in the hands of the investor.
Some providers do offer a hybrid ISA which will include some life cover but generally, a normal ISA plan will offer growth either through investments in cash or the stock market.