Yes! The earlier you pay off your ISA, the cheaper it will be. You can calculate the amount you’d owe by taking your initial funding amount times the corresponding payment cap.
|
Years since disbursement |
Payment cap |
|
<1 |
1.25 |
|
1 |
1.25 |
|
2 |
1.5 |
|
3 |
1.75 |
|
4 |
2.0 |
|
5 |
2.25 |
|
6+ |
2.5 |