BREAKING: The UK just confirmed a 22% tax on interest earned from cash sitting inside Stocks and Shares ISAs, starting 6 April 2027.
An ISA was supposed to mean one thing: money grows completely tax-free.
A Stocks and Shares ISA holds investments, but people often leave cash sitting inside it too, uninvested, just earning interest, tax-free until now.
Next year, the Cash ISA allowance for under-65s gets cut from £20,000 to £12,000. To stop savers from working around that, HMRC is locking down every option:
- Cash held in a Stocks and Shares ISA now gets taxed 22% on its interest.
- You can no longer move money from a Stocks and Shares ISA into a Cash ISA.
- You can no longer hold an entire non-Cash ISA in cash like funds either.
Example: £40,000 sitting as cash inside a Stocks and Shares ISA earning 4.5% makes £1,800 a year. From April 2027, £396 of that goes straight to HMRC, leaving £1,404.
So the government is taxing a savings habit people have used for 27 years, while building in a higher allowance for one age group only.
🚨 BREAKING: Keir Starmer is officially set to resign as Prime Minister
Several media reports say he'll outline a resignation timetable on Monday after consulting with his wife and family today
🚨 BREAKING: Nigel Farage is now being investigated by the Parliamentary Standards Commissioner for not declaring the £5m gift he received from billionaire Christopher Harborne
BREAKING: Downing Street says Sir Keir Starmer has 'full confidence' in Wes Streeting, amid reports the health secretary is set to resign from government and launch a leadership challenge.
Sky's @SamCoatesSky reports.
https://t.co/Ao5tvy0i61
📺 Sky 501, Virgin 602
PLAYSTATION JUST CONFIRMED IT'S INTENTIONAL
You bought a game. You paid full price.
Go offline 30 days - it locks you out.
Here's the part that should scare you:
→ No public announcement
→ Not mentioned in ToS
→ Primary Console doesn't help
→ Affects ALL purchases after March 2026
PlayStation support called it a "technical measure"
This same studio went on to wait until SEASON FUCKING THREE of their next game to do it again. And if I remember correctly never even brought back tournaments for it…
Todd Howard confirmed The Elder Scrolls VI is now Bethesda’s top priority after wrapping up work on Starfield
The majority of the studio is now working on it, eight years after it was first revealed
Nothing worse than getting in an Uber and the driver starts asking you what junctions to come off at and what roads to take..
Why'd you think I ordered an Uber, your the one with car and GPS! Make it make sense #uber#uk#taxis