Dominic Hockley

Barrister, here for the law and laughs

[Ashy @AshyCompounds]

Half of X is losing its mind over the new ISA rule.

Let me explain what's actually happening, because the outrage is mostly people misunderstanding their own ISA.

From April 2027, a 22% charge applies to interest earned on CASH sitting inside a Stocks & Shares ISA.

Not on your investments. Not on dividends. Not on capital gains. Just on cash you're leaving idle in an account designed for investing.

Here's the bit nobody's saying out loud:

if you're using a S&S ISA to just hold cash, you're using the wrong wrapper.

Want to save? Use a Cash ISA. Tax-free interest, zero risk, simple.

Want to invest? Use a Stocks & Shares ISA. That's literally what it's built for.

The reason this rule exists is because they assume people will quietly parking cash inside S&S ISAs to dodge the lower cash ISA allowance, rather than actually investing it. The government is closing that loophole before it even exists.

Now let's talk about why investing in the first place matters so much more than people parking cash realise.

£10,000 in a Cash ISA at 4% for 20 years: £21,911.

£10,000 in a S&S ISA invested in a global index fund averaging 8%: £46,610.

Same tax-free. More than double the outcome.

That gap is the entire reason this policy exists, to nudge people out of cash and into growth.

And here's what actually annoys me about the outrage.

You CAN still hold cash-like exposure in a S&S ISA, completely unaffected by this charge.
Money Market Funds are explicitly exempt from the 22% charge entirely, as long as your account isn't 100% cash-like assets.

So if you want stability inside your S&S ISA, you've got real options:

Money Market Funds: short-term, low-risk, currently yielding close to the base rate, fully exempt from the new charge.

Short-dated gilts: UK government debt, extremely low risk, still counts as a genuine investment.

Gilt or bond ETFs: diversified, low volatility, still doing what an ISA is meant to do.

None of these get touched by the new rule.

The only thing being taxed is literal idle cash sitting doing nothing.

This is a nudge to actually invest - and fix our high-saving, low investing culture.

Stop overreacting to a headline you haven't read the detail on.
Are you holding cash in your S&S ISA right now? What for?
What have I got wrong ?👇

#ISA #InvestingUK #PersonalFinance

[ViewFromTheNorth (JHKC) 🐝 @jaimerh354]

I have put my views on the over reliance of Bushell’s Case into a short blog.

https://t.co/SrwrnvPMRP

[Tom Parmenter @TomSkyNews]

“It all needs fixing”

https://t.co/p8UgZ7MI08

[Tom Forth @thomasforth]

That does seem unfortunate timing tbh.

[Idle Courts @CourtsIdle]

The struggle for justice in one English town. https://t.co/AbSD4AYtK6

[2 Harcourt Buildings @2HarcourtBldgs]

Chambers is delighted to congratulate Dominic Hockley who has been appointed as Standing Counsel to The Insolvency Service. Dominic Hockley @domhocks was appointed after the recent competitive recruitment exercise to the position of Standing Counsel for a period of 3 years.

[Paul Fairie @paulisci]

A Brief History of Nobody Wants to Work Anymore

🧵

[Simon Kuestenmacher @simongerman600]

Map shows which modern day countries hosted the world’s largest city at one point on history. Source: https://t.co/hwiXuMGhom

[David Green @itsdavegreen]

TL;DR: M'learned friend Gus was researching something entirely unrelated in 19th century court judgments, and accidentally discovered that OLD JUDGES USED TO JUST WEE IN THE CORNER OF THEIR COURTROOMS
IN THE MIDDLE OF CASES
THEY JUST WEE'ED

[Tristan Kirk @kirkkorner]

A different magistrate sentenced a woman from Essex for the offence of keeping a vehicle without a valid licence.

She offered a guilty plea plus an explanation of sorts.

£1000 fine. The maximum for this offence.

Not a single penny in credit for entering a guilty.

[CrimeLine @CrimeLineLaw]

Senior Presiding Judge, Edis LJ, has asked judges to adjourn, from next week, the sentencing of offenders who are on bail where custody is likely to be imposed. The prison estate is full.

[Metropolitan Police @metpoliceuk]

Metropolitan Police officers have arrested Daniel Khalife who escaped from HMP Wandsworth on 6 Sep

Officers apprehended him just before 11am today in the #Chiswick area, and he is currently in police custody

We thank the public and media for their support with info & appeals

[Dominic Hockley @domhocks]

@CrimeGirI We were 31 degrees for most of June at Southwark CC. Had to keep stopping at 3pm because it got too hot for the jurors and defendants to concentrate.

[Hannah Al-Othman @HannahAlOthman]

BREAKING: Carla Foster, jailed last month for procuring her own abortion, will be released from prison today, after the Court of Appeal reduced her sentence to 14 months, suspended for 18 months.

Mrs Justice Lambert said she needed "compassion not punishment."

[Tristan Kirk @kirkkorner]

In 2018, the top 20 biggest crown court backlogs included five from London.

Now, eight of London's courts are in that list, including three of the top four slots.

Snaresbrook on its own has an eye-watering backlog of nearly 4,000 cases.

[Maud McCutcheon @MaudMcCutcheon]

Student loans are hilarious. I’m a doctor, therefore amongst the most reliably employed, reasonably well earning graduates. I’ve been paying my loan every month for 6 years, I currently have >5k more debt than I graduated with (now nearly 70k)

[Private Eye Magazine @PrivateEyeNews]

It's all going terribly well - find out just where you stand with the brand new Private Eye, on sale now!

[Dominic Hockley @domhocks]

Huge disappointment from the children this morning who believed there was a pirate bowl in the kitchen…

… it was a Pyrex bowl

[Torsten Bell @TorstenBell]

What's the scale of the impact? Those 5m+ mortgagors hit by higher interest rates by Christmas 2024 will pay on average £5,100 more a year. That's over £26 billion overall - an income hit equivalent to a 5p rise in the basic rate of income tax

[CRIMINAL LAW FS @CriminallawFS]

Our annual crime update conference this Friday features Fraud Specialists Barristers Page Nyame and Ed Franklin from Rolls Royce set @2HarcourtBldgs on the Economic Crime Bill. 7CPD £75
BOOK HERE !! BOOK NOW !! https://t.co/hcBpwfDxQ2
Full strike update / after event drinks too!