Fisherman

Using facts as bait

[Fisherman @Factbaitaccount]

@cameron_pickard @AshDavidsonUK No impact for you.

[Fisherman @Factbaitaccount]

@ihitge @AshDavidsonUK Earning interest on uninvested cash will not stop you being poor.

[Fisherman @Factbaitaccount]

@TheSecretAcct Won't this just be withheld at source?

[Fisherman @Factbaitaccount]

@Floatymcfloater @TheSecretAcct You should put that amount into a cash ISA if you want to earn interest. Cluemis in the name.

[Fisherman @Factbaitaccount]

@TheSecretAcct @excelonman So the policy is working?

[Fisherman @Factbaitaccount]

@JRB___2 @FynnInvests The investment firms lobbied for this as they didn't want people to hold cash

[Fisherman @Factbaitaccount]

@ViralMuzik1989 @FynnInvests It is a stocks and shares ISA, clue is in the name.

[Fisherman @Factbaitaccount]

@PDFlaxman @annavanpraagh They winter be taxing cash held in stocks and shares ISas. They will tax interest earned on cash hel in stocks and shares ISAs. So an even smaller amount.

[Fisherman @Factbaitaccount]

@alecscrypto1 Its a stocks and shares ISA, not cash. You also haven't been taxed in the interet income on that cash.

[Fisherman @Factbaitaccount]

@Luquetete23 Its more like George Russell moving to Mercedes to partner a multiple world champion while Williams was struggling with financial difficulties, just before a major rule change.

[Fisherman @Factbaitaccount]

@JohnAdams897 @MartinSLewis There is another incentive for people that want to keep cash called a cash isa. The limit is slightly lower for under 65s, but still generous enough for the vast majority of retail investors (12k a year). Most people wont be impacted by this at all. Its to close a loophole

[Fisherman @Factbaitaccount]

@JohnAdams897 @MartinSLewis If you cant afford it then you shouldn't really put your cash in a stocks and shares ISA. Just use the cash ISA.

[Fisherman @Factbaitaccount]

@James338246 @MingNoMerci @PolitlcsUK This will raise hardly any tax. Its a measure to encourage people to invest cash they have in etocks and shares ISAs instocks and shares, rather than hold it to earn interest (which is what the cash ISA is for).

[Fisherman @Factbaitaccount]

@SnowFake3 @James338246 @MingNoMerci @PolitlcsUK You can still teansfer from cash to stocks and shares. You cant transfer the other (S&S to cash) way without using your cash allowance for that year.

[Fisherman @Factbaitaccount]

@RealSilentMaj @FX_SAM_SNO Holding large amounts of cash loses money in the long term as it gets eroded by inflation. This policy encourages people to invest in stocks and shares which give better returns.

[Fisherman @Factbaitaccount]

@sjoh0050 @FX_SAM_SNO This isn't a revenue raising measure, its to encourage people to invest in stocks and shares, and not hold their money in cash where it gets eroded by inflation.

[Fisherman @Factbaitaccount]

@The_Bagman2 @FX_SAM_SNO Well it is, for income and gains from stocks and shares.

[Fisherman @Factbaitaccount]

@smolcitizen @FX_SAM_SNO Unless they hold their cash in a cash ISA

[Fisherman @Factbaitaccount]

@FX_SAM_SNO @l_papapa @TheLastClansman Only the Interest on the cash in the stocks and shares ISA is taxed. Not the cash itself.

[Fisherman @Factbaitaccount]

@mattpurdy89 @wmxacc You also dont understand it.