Is a Cash ISA Worth it? | This Morning

With 98% of us now not paying tax on our savings anyway, do you really need one at all?

[@AR-fy2qo]

The celebrity presenters looking like they dont know about avoiding tax.

[@prash_t]

Did Martin cover off Junior ISAs. Phil would have interested in learning more about those

[@rod85y]

Your children might pay upto 40% tax on your ISA money after you die through Inheritance Tax. SIPP money transfers through Inheritance without Inheritance tax. Therefore, it makes sense for people who are withdrawing pension money from their SIPP in drawdown fashion (not annuity), to leave that money alone (because they pay income tax on that) and take from thier ISA instead, when the threshold of income tax begins. If you got a net fortune (including your home) of above £500,000 and you're above 50 years old, you need to speak to a financial advisor to get independent financial advice for your children's sake!

[@subornabangladeshimumuk1467]

Martin Lewis still looks same 😊

[@lucidvibes8133]

what if i dont have a job right now, so technically an isa is worth it coz im not earning jack rn

[@becky2235]

I know the feeling!

[@AR-fy2qo]

Martin is probably regretting this.

[@rationalsatanist1811]

i got my own version of an isa, its called gold sovereigns.

[@stevefernandez84]

You have been watching Robert Kiyosaki

[@rationalsatanist1811]

@@stevefernandez84 all the time, thats probably why if i cash in my gold i would get a return on it that would be more if i put my money in a bank account.