22% charge aims to stop Isa savers getting around new rules from 2027

Rachel Reeves preps ANOTHER ISA overhaul after launching 22% tax raid on savings

Chancellor Rachel Reeves is preparing another ISA overhaul after the Treasury confirmed a 22 per cent tax charge on millions of savings accounts.

22% charge aims to stop Isa savers getting around new rules from 2027

HM Revenue and Customs said several rules will be introduced to ensure the policy achieves its objective.

Labour government set to confirm 22% tax on cash held in stocks and shares ISAs

The Treasury will introduce three main principles for the upcoming changes

Government’s complex ‘anti-circumvention’ ISA rules are riddled with unintended consequences

Rachel Vahey, head of public policy at AJ Bell, argues that the government has missed a chance to make ISAs simpler and more flexible, instead introducing changes that risk adding complexity and discouraging new investors. Rachel Vahey, AJ Bell head of public policy, says:  “Pre-election promises signalled the chancellor’s ambition to simplify ISAs and boost retail investing. Consumers could have been granted the freedom to move seamlessly from …

Reeves' new tax charge on cash ISAs faces fierce industry backlash

The Treasury has revealed plans for the UK’s new ISA regime, which will see it tax interest on cash held in stocks and shares ISAs at 22 per cent, prompting fierce backlash from industry figures, who argue that the decision is “riddled with unintended consequences”. HMRC updated the market on three rules that will create the core of its ISA reforms from April 2027, as part of the government’s push to encourage more Brits to invest in the stock m…