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ISA Fees

Trade and Industry written question – answered on 16th May 2002.

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Photo of Keith Vaz Keith Vaz Labour, Leicester East

To ask the Secretary of State for Trade and Industry to which Government Department, and to which account, the ISA's fees and retained interest are credited.

Photo of Miss Melanie Johnson Miss Melanie Johnson Parliamentary Under-Secretary, Department of Trade and Industry

ISA fees are credited to the Department of Trade and Industry's account at the Bank of England. Pursuant to the provisions of section 405 of the Insolvency Act 1986 surplus interest is paid to the Consolidated Fund.

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