@financemattersuk: tax tax tax, everyday tax! here’s what the 22% levy on your stocks & shares ISA means

E :

They try to push financial literacy but make it so complicated to understand. So silly.

Beatrice :

I heard the 22% Levy on cash sitting in a stock & shares ISA will only apply if the cash sitting is over £33k is that untrue?

Hosanna Hali :

I’m actually tired

rachel :

i can't imagine spending the rest of my life in a country seemingly aiming to keep us stagnant our whole lives. it's so draining

Barbara Antigua | Genre-Fluid :

Being in the uk is so exhausting

🪞 :

It does feel like they’re complicating the whole process and it’s not necessary. It’s gonna turn more people off.

Lord Baelish :

Some people want to have cash on sidelines to buy dips. Some people get inheritance and annual bonuses they would rather dollar cost average in. More pain for people that want to get on with life and make sensible decision’s

only.one.enih :

thank you for breaking this down❤️. By “ sitting in stocks and shares ISA”, do you mean not invested in a specific fund/stock but just there as cash?

keepingupwithrenren :

I have had enough now I understand why people move stingy to pay tax!!!

Sophie UK-UAE Lawyer | Founder :

I really do worry about the state of the UK. The tax system desperately needs a complete overhaul.

Kunmi🍃 :

As if the reduction to £12k wasn’t already a stretch, it’s all so exhausting

mxmayc0 :

She’s taxing money that’s already been taxed wild

lucieehq :

So over this place, honestly

Nat Nice :

When will they rest 😔

user195122297021 :

New rules will also apply to transferring funds, and from April 2027 you will no longer be able to transfer funds from a Stocks and Shares ISA or Innovative Finance ISA into a Cash ISA. I have 60k worth of shares.. reducing my risk as retirement is near.... if i sell now 60k can be transferred to my cash isa... if i sell after April 27 I cant transfer the cash to my cash isa... so the 60k earning interest will be subject to tax..... so instead of reeves encouraging investing she has done the opposite.... I have to sell my shares now and transfer the money into my isa before the April deadline

Tamara Leanne :

It’s too much

Dee ✨️ :

We actually can't have anything

CLM | Scentfluencer. :

Urgh! This country is stressful! Can we have anything for ourselves?

thenextchapterwithbells :

This was explained well - Thanks

Winnie 💖🦋 :

It’s not fair 😭

Claire | Save Money | Budget :

Wow. Thanks for all the info

Bimpe | Work From Rest :

Is there a petition we can sign? Also let’s say you buy shares and it gives your dividends, does that get taxed if it sits in your S&S account and you don’t take it out or reinvest it?

Aden💄🩷 :

Zika | Step Board Instructor :

I don’t think they want us to have any form of financial freedom

CHRISTINANWABUGO :

Ughhhhhh