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.
What type of university tells students that they are no longer allowed attend their graduation ONE WEEK before their actual graduation ceremony???? After allowing the students to buy gowns, tickets, inform family ?? Where is the duty of care for the students? @MiddlesexUni
Consequences of being a male centered pickme.
Because if you picked yourself and you wanted a child, that choice would not have been taken from you.
You would have chosen yourself just as your husband would have chosen himself if it were you.
Lagos salaried workers paid ₦705.41 billion in taxes in 2024. In return, they got potholes, insecurity, and zero safety nets.
The government took that money and bought luxury cars and furniture.
Thank god our heavyweight champ survived that horrible car crash. And pray for the two fallen soldiers Latz & Sina & their families. I knew both… they were genuinely good men. Rest in Peace boys.