@serenelyjoyful@UKLabour Which is a completely fair critique.
It WILL create a cost for investment platforms to run checks and integrate the ISA into the tax system. These costs will have to be levied by lowering interests, or getting rid of them wholeheartedly to avoid the tax implications.
@serenelyjoyful We can both agree it's two tiered for the gov to have two different allowance limits on Cash ISAs for 65+
But the alternative is to maximise your Cash ISA, putting the ยฃ8k in a S&S into a MMF and a index fund to fully utilise that tax free wrapper.
@serenelyjoyful Apologies that this tweet was meant to help my circle cut through the noise of the twitter algorithm
I would imagine most people open ISAs using their primary bank, a high street bank.
HSBC, NatWest, Halifax to name a few don't.
also anyone able to put in ยฃ12,000 into their cash ISA yearly has more tax concerns than a 22% tax on an interest thats rarely offered by high street banks
not one person who this affects is complaining
twitter's revealed the median voter is incredibly financially illiterate
22% is taxed on your interest on uninvested cash
most banks do not give you interest in uninvested S&S ISAs
this will not automatically affect affect 99% of you
your dividends are UNTOUCHED
it's curb people moving money from their Cash ISAs into S&S ISAs that do give interest on uninvested cash
if you move ยฃ20,000 in to your S&S ISA, and your bank gives you 2% interest, you will only be taxed ยฃ81
If you want to keep absolutely everything, just put it in a MMF
okay guys let's not take away from the seriousness of the .... oughhh my belly it's so big and round, it's grumbling so loud *pats my distended stretched out belly* mfggg BUUURRRP aughh *slurp* shouldn't have eaten that belly bust- oughhhh *pffft* sorry the bell- *BRAAAAP* my goo
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LondonFurs Winter Party 2025
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Feel free to tag yourself and others if not already!
Also please feel free to download, post and share if I took a photo of you!
LondonFurs Winter Party 2025
Shot on film Megathread!
All shot on a Canon 7 w/ Jupiter-8 F2 and Jupiter-12 F2.8
Feel free to tag yourself or others if not already!
Also please feel free to download, post and share if I took a photo of you!
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