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ISA Rules Change April 27 | Leeds News
Starting April 27, the government is overhauling Individual Savings Accounts with major changes that could hit savers hard: only £12,000 can go into any single ISA—like cash accounts—with the remaining £8,000 locked into stocks and shares. Plus, cash held inside a stocks and shares ISA now faces a 22% tax on interest—even for those over 65. Critics call it a “kick in the teeth,” warning it might backfire by discouraging smart investment strategies. Meanwhile, interest rates outside ISAs are also rising by 2%, pushing basic rate taxpayers to 22% and higher earners to 42%. The government’s…
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