@fitterfinance: Reeves is coming for your ISA. A new 22% tax on interest from cash held inside Stocks & Shares ISAs is being planned — set to start April 2027 for under-65s. But experts have already spotted a flaw. The new rules only target ISAs that are 100% in cash-like assets (money market funds). Hold just 1p in actual shares — and your portfolio isn't classified as "all cash" anymore. The charge may not apply. A new tax that a single penny could sidestep. What this actually means: 🔹 The crackdown targets cash-like holdings in S&S ISAs — not equities, not dividends, not capital gains 🔹 Money market funds (savings-like, low-risk) are the main target 🔹 The 1p workaround is being closely studied — the Treasury may close it before April 2027 🔹 None of this is final policy yet And there's a separate change already confirmed: from April 2027, the Cash ISA allowance for under-65s drops from £20,000 to £12,000. My view, after 15 years in markets: ISAs were built to encourage saving. Adding complexity at this scale risks putting people off the wrapper entirely — at a time when households are already stretched. Use your full £20,000 Cash ISA allowance before next April — because after that, under-65s drop to £12k. 📥 Save this if you have a Cash ISA or S&S ISA. 👀 Follow @fitterfinance for UK money news the banks won't tell you about. ⚠️ Education, not advice. Proposed policy, not yet law. Details may change before April 2027. #isa #stocksandsharesisa #tax #PersonalFinance #ukmoney

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Friday 05 June 2026 19:54:19 GMT