Help!

Bit of a weird question, didnt know where else to ask.

Ive had some money in my sisters ISA for 18 months. Now I want it back! Plus whatever interest it has made (including interest on interest). She has put money into the ISA in the meantime meaning that not all the money is mine. How the heck do we work out who's is who's!

I sound tight but the money was a loan in the first place, and now I need it to put towards a new house so need every penny im due.

Thanks
Lee

Well,

Three approaches, depending upon how you and your sister wish to get on in future. :)

1. Take the capital you loaned her and leave her with the interest. You're buying a house so soon you'll be earning (hopefully) a higher rate of return than the rate of return on the ISA.

2. Take the amount of capital and work out the interest paid on that amount, and take that.

3. Find an accountant to work out the exact amount. Then you pay the fees from your share.

Seriously, if it were me I'd just take the capital and the warm fuzzy feelings, whilst at the same time garnering some moral high ground for the future. )

Joe

Firstly find out the ISA's current worth.

Then, work out what % you each put in then apportion the same % to the current value.

Then, the difficult bit - ask the other party to pay you this amount as a lump sum now, then they can keep the ISA running.

If they aren't too happy about doing this - maybe offer them £100(?) for the inconvenience.

At the end of the day, it will be the other party who comes out making the most so it would be in their interest to agree to this.