Isas will be taxed for the first time in one of Rachel Reeves's final acts as Chancellor.

HMRC has revealed plans for the UK’s new ISA regime, which will see it tax interest on cash held in stocks and shares ISAs at 22 per cent

HM Revenue and Customs said several rules will be introduced to ensure the policy achieves its objective.

Treasury also promises a new first-time buyer Isa with no upper age limit, as the ‘age at which a first home is bought is rising’

Rules will be introduced to prevent people subscribing up to £20,000 cash in a non-cash Isa and leaving it there long-term, earning tax-free interest

The levy is to prevent savers from getting around new cash ISA limit rules, which will see the annual cash ISA limit cut from £20,000 to £12,000 for under-65s

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Isas will be taxed for the first time in one of Rachel Reeves's final acts 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…

Rules will be introduced to prevent people subscribing up to £20,000 cash in a non-cash Isa and leaving it there long-term, earning tax-free interest

Under new plans announced by Labour, investors keeping cash in their stocks and shares Isa accounts will be smacked with a 22% tax charge on any interest.

In one of Chancellor Rachel Reeves's last acts before she is set to leave Number 11, she unveiled the tax which will hit those who keep cash in their investment Isas.

Pensioners who retain their full £20,000 cash Isa allowance won't be exempt from brutal new tax charge.

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