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Treasury finally confirms a 22 per cent tax on cash interest on Stocks and Shares ISAs
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Treasury finally confirms a 22 per cent tax on cash interest on Stocks and Shares ISAs
In a shocking turn of events, Rachel Reeves has confirmed the ISA tax that the Treasury previously deemed ‘nonsense’. From April 2027, savers could face a 22 per cent tax on interest earned from uninvested cash held in a Stocks and Shares ISA. What changes are being made to ISAs? The Autumn Budget confirmed several well-publicised ISA changes for the 2027/28 tax year. From April 2027, the overall tax-free ISA allowance will remain £20,000, but t…
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