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@beyondtheuniversea: Spoderman#polyester #fyp #funny #spiderman #edit
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Region: PH
Wednesday 29 July 2026 05:28:37 GMT
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From 6 April 2027, a flat 22% charge applies to interest earned on cash held inside Stocks and Shares ISAs and Innovative Finance ISAs, as part of HMRC's anti-circumvention rules. Key points confirmed by HMRC: interest on uninvested cash in non-cash ISAs taxed at 22%. Transfers from Stocks and Shares ISAs into Cash ISAs banned for under-65s. Money market funds permitted only as partial holdings, not as 100% of the portfolio. A technical consultation on the draft legislation is currently underway. Over-65s unaffected, cash ISA allowance remains £20,000. Capital is at risk. This is educational content, not financial advice. Speak to a regulated financial adviser for guidance specific to your circumstances. Sources: HMRC ISA Reform 2027 Anti-Circumvention Rules Factsheet, gov.uk, 23 June 2026 / HMRC Tax Update 2026 Simplification, Modernisation and Fairness Summary, gov.uk / Citywire, 23 June 2026 / City AM, 24 June 2026 / Accountancy Age, 24 June 2026.
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