Treasury Issues Response to Calls for New Type of ISA for UK Households

Treasury issues response to calls for new type of ISA for UK households

It comes as the amount you can save into your cash ISA each year will be cut from £20,000 to £12,000 from April 2027

ISA chaos as Rachel Reeves accused of 'punishing' savers with 22% tax raid

Chancellor Rachel Reeves has been accused of "punishing" savers with her looming 22 per cent tax raid on cash held in stocks and shares ISAs.Since Labour returned to Government in July 2024, Ms Reeves has had a controversial tenure at the Treasury and has unveiled major changes to the ISA regime.These include reducing the tax-free allowance attached to cash ISAs from £20,000 to £12,000 for those under the age of 65 and imposing a 22 per cent lev…

Experts criticise Treasury plans to tax interest on cash in stocks and shares ISAs

Rachel Reeves’s ISA raid complicates what is supposed to be a simple product

Savers Face New 22% ISA Tax Under Government Reforms – NATIONAL NEWS

Millions of savers could be affected by significant changes to Individual Savings Accounts (ISAs) after the Government confirmed a series of reforms due to come into force in April 2027. The changes include a new 22 per cent charge on interest earned from cash held within Stocks and Shares ISAs and other non-cash ISA products, alongside a reduction in the amount younger savers can place into Cash ISAs each year. ISAs have long been one of Britai…

Reeves ISA tax shake-up sparks fury as savers face 22% hit on cash interest - London Business News

Reeves ISA tax shake-up causes uproar as savers face a hefty 22 percent tax hit on cash interest within ISAs.