ISA row: Banks not passing on tax relief to customers

23rd May 2011

Baroness Stowell is reported on The Guardian website as saying that some high street banks are offering better returns on fixed-rate bonds, on which tax is payable, than on tax-free fixed-rate Isas running for the same length of time.

She is calling on the Treasury to force banks to pass on the full amount of interest she believes customers are due.

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