22 per cent ISA tax rumour shut down by Treasury – Here are the true changes to ISAs next year

22 per cent ISA tax rumour shut down by Treasury – Here are the true changes to ISAs next year | Accountants Bury St Edmunds, Ipswich & Thetford

Rumours were flying this week that HMRC announced a 22 per cent tax on your ISA if you are holding uninvested cash. This has since been described by the treasury as ‘nonsense’. Despite the rumours it is important to note… The post 22 per cent ISA tax rumour shut down by Treasury – Here are the true changes to ISAs next year appeared first on Accountants Bury St Edmunds, Ipswich & Thetford - Knights Lowe.

22 per cent ISA tax rumour shut down by Treasury – Here are the true changes to ISAs next year

Rumours were flying this week that HMRC announced a 22 per cent tax on your ISA if you are holding uninvested cash. This has since been described by the treasury as ‘nonsense’. Despite the rumours it is important to note that the other planned reforms to ISAs will still come into effect from April 2027. What are the changes that will be made to ISAs? The Autumn Budget came with changes to ISAs for the 2027/2028 tax year. As of April 2027, your t…