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.
The most emotion Keir Starmer has shown is over losing his job, not enabling the genocide of the Palestinian people.
Good riddance.
His next stop should be The Hague.
How can anyone still support this Israeli govt when psychopathic monsters like Ben Gvir are ministers in it, advocating genocide in Lebanon? Disgusting.
If you use Gmail, you need to read this.
Google’s AI, Gemini, can read your emails, attachments, bank statements, etc.
For many, this feature was switched on without consent.
Here's how to turn it off 🧵
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Over 300,000 people die of drowning each year. In order to protect society, it is now illegal to consume or possess water.
Your government is also considering banning solid food, as it presents a needless choking hazard.
You are not an adult.
You are a baby.
Eat the baby food.
The BBC mournfully notes that only 30% of Brits now trust the news, the day after it told us Russia hired a couple of young Ukrainian male prostitutes to torch the PM's motor.
Today the Court of Appeal upheld the Labour government’s proscription of Palestine Action by saying they aren’t a peaceful civil disobedience group like the suffragettes and that Elbit Systems, Israel’s largest weapons manufacturer, is "a company pursuing a lawful business."
The suffragettes bombed the Chancellor's house, planted a bomb outside the Bank of England, burned down churches and train stations, and smashed up art galleries.
Palestine Action destroyed drones used to kill Palestinians in Gaza because Elbit's “lawful business” is arming a genocide.
The British state is rewriting history and dismantling our legal system to protect Israel, a genocidal apartheid state.
Remember if you don't want to have to go through the ridiculous Facial ID check to use Social Media when it is banned for under 16's in the UK and everyone else has to ID themselves to prove it.
Simple use a VPN and pretend to be from a non-fascist country.
There’s a clear pattern here: removing trial by jury for a whole layer of cases; blocking Cenk Uyghur and Hasan Piker from entering the country; the Filton 4 being sentenced as terrorists but not charged as terrorists (yes, really); a British citizen in Russia having his citizenship removed without being charged with anything; stuff like this - constantly.
It’s becoming so normal now. There’s a great phrase ‘turnkey tyranny’: you might like the people doing this today, or despise those on the receiving end, but tomorrow it WILL be different. The end point is very obvious. And these tools, and this trajectory, in the wrong hands, is quite a terrifying thought.
Infantino claims he can't do anything about Referees, players, journalists and fans being banned from the World Cup because in every country there are Governments.
In 2023 Indonesia refused to let the Israeli U23 squad have visas
FIFA instantly moved the tournament to Argentina
Our statement on the UK government’s demand that all content on all devices sold or used in the country be scanned, on the presumption of nudity, using a dystopian combination of age verification and content scanning. This proposal will not safeguard children. It endangers us all.
https://t.co/VdWe9uhi8p