The 1p loophole that wrecks Reeves’ ISA reforms. The Telegraph says the new rules only penalise you if 100% of your ISA is “cash‑like”. So hold £19,999.99 in money‑market‑style assets and 1p in equities and you’re exempt from the 22% charge. A flagship reform undone by a penny
@Alexarmstrong On reflection, maybe the 22% tax will be deducted at source, i.e by the platform & then passed on to HMRC directly on the investors behalf thus negating the need for lots of people to have to complete self assessment for relatively small amounts. #ISA#TAX#CASH#REEVES#UK
@Alexarmstrong Next point, DRIP (Dividend Reinvestment Plan)
Will everyone now DRIP all their holdings thus not allowing their account to earn a dime of interest?
BREAKING: Ferrari $RACE is down -7.57% today after unveiling its first fully electric car.
The company officially debuted the "Ferrari Luce," a 1,050-horsepower vehicle starting at a price of €550,000.
While the car boasts extreme acceleration numbers, investors are highly skeptical that traditional buyers want a silent, heavy electric vehicle.
Its 2030 revenue projection also came in at €9 billion, nearly €800 million below what analysts were expecting.
The stock is now down 41% from its February 2025 peak, One of the worst stretches in Ferrari's history as a public company.
Ferrari's entire brand is built on scarcity, combustion engines, and exclusivity. Investors are not convinced its customers want a silent electric car, no matter how expensive it is.
@Alexarmstrong A point I find interesting (I have many) is that there are lots of people on PAYE who also have a S & S ISA & have never had to file a self assessment tax return. Under this new proposal it will surely necessitate for tens of thousands of extra people to do such ? #ISA#TAX
@nash_aaron@Alexarmstrong Proceeds from sale of shares but as yet undecided where to re-allocate those funds. Also, dividends received. (Assuming DRIP turned off)
@cashflow_king94 Not too much caught my eye on these initial new releases, I believe baskets are on the way, fingers crossed. I fed back that I would like to see additional indices too such as #FTSE100 & #DAX so I'm crossing more fingers that these might be announced soon.