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ISA New Monthly Payment is almost double the payment cap

1 of Michael's comment in this thread · View thread on Reddit ↗

u/michaelnovati replied ·
I need a lot more information to help here, feel free to DM me more details, but a few possibilities: 1. it's a mistake and someone put in the wrong numbers 2. it's possible you got a bonus, tax refund, or a specific month with more income? ISAs are month to month, and maybe 13% of one months income was $1700 because you had a massive bonus or tax return check that month? 3. if you make a lot of money you still pay the high payments but you cap-out before the end of the 4 years (or whatever) so if you DID pay $1700, you would probably cap-out. If it's 2, then it should go back down next month.