The 1p ISA ‘loophole’ that could help savers sidestep new HMRC tax rules

Rachel Reeves' 22% tax on stocks and shares ISAs branded 'punishment on savers'

Major ISA changes have already been confirmed

Rachel Reeves delays ISA overhaul after tax loophole exposed in savings crackdown

The Treasury has delayed the release of planned ISA reforms after concerns emerged over a loophole in the Chancellor’s proposed crackdown on cash savings.Rachel Reeves announced in last year’s Budget the annual cash ISA allowance would be reduced from £20,000 to £12,000 for savers under the age of 65.Under the proposals, the stocks and shares ISA allowance would remain unchanged, although a 22 per cent tax on interest earned from cash holdings w…

1p ISA savings loophole that could help you avoid charge ahead of crackdown

It has been reported that savers will face a 22% charge on interest earned from cash held in stocks and shares ISAs from April 2027

The 1p ISA ‘loophole’ that could help savers sidestep new HMRC tax rules

Experts are warning that proposed changes to ISA taxation could become overly complicated - and may even contain a potential loophole allowing investors to legally avoid the new charge with as little as a 1p stock holding loophole.