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New 22% tax on stocks and shares ISAs – what you need to know
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleNew regulations will introduce a 22 per cent levy on interest earned from cash held within stocks and shares ISAs, effective from April 6, 2027. These rules aim to prevent individuals from depositing up to £20,000 cash into non-cash ISAs to accrue tax-free interest, circumventing future allowance changes. From April 2027, the annual cash ISA allowance will be reduced to £12,000, while stocks and shares and innovative finance ISA limits will remain at £20,000. The £20,000 cash ISA allowance will be maintained for individuals aged 65 and over. Industry bodies have expressed mixed reactions, with some welcoming clarity but others raising concerns about increased complexity and potential negative impacts on investor behaviour. In fullRachel Reeves announces new 22% tax on stocks and shares ISAsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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cityam.com
HMRC new tax charge on cash ISAs faces industry backlash
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
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independent.co.uk
22% charge aims to stop Isa savers getting around new rules from 2027
HM Revenue and Customs said several rules will be introduced to ensure the policy achieves its objective.
