Rachel Reeves’ ISA overhaul could have 'opposite effect' on investing, expert warns
4 Articles
4 Articles
Rachel Reeves’s ISA tax raid could be her final own goal as chancellor
Tax will be payable on cash held in an investing ISA, while the Lifetime ISA is getting a part-fixed rebuild. Karl Matchett explains why the chancellor appears to have missed the mark – again
Rachel Reeves’ ISA tax raid could be her final own goal as chancellor
Tax will be payable on cash held in an investing ISA, while the Lifetime ISA is getting a part-fixed rebuild. Karl Matchett explains why the chancellor appears to have missed the mark – again
Rachel Reeves’ ISA overhaul could have 'opposite effect' on investing, expert warns
Millions of Brits’ savings accounts would be affected by Chancellor Rachel Reeves’ ISA overhaul as savers holding cash within Stocks and Shares ISAs will soon face a 22% tax charge on interest earned from cash holdings, marking a shift away from what has long been a tax-free promise. The changes, due to take effect from April 2027, have sparked concern among savers and investors who have long relied on ISAs as a simple, tax-efficient way to buil…
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