Uploaded May 2026 | Updated September 2026, 2 weeks ago
Could Rachel Reeves start taxing interest earned within Stocks and Shares ISAs?
From April 2027, the Cash ISA limit for under-65s drops from £20,000 to £12,000 and the chancellor is reportedly looking at closing the backdoor too, with a 22% tax on interest earned from cash held inside a Stocks and Shares ISA.
The S&S ISA is still one of the most powerful tax wrapper out there for long-term investing, but the rules could be shifting fast.
There are still plenty of unanswered questions, including how cash-like investments such as Overnight Rate ETFs will be treated, and whether a token stock holding could offer a workaround (though nothing's confirmed yet).
Rules like this shift fast. Comment "NEWS" and we'll send our newsletter straight to your inbox so you're never caught off guard.
Capital at risk. The value of investments can go down as well as up and you may get back less than you invest.
#ISA #StocksAndSharesISA #CashISA #RachelReeves #UKTax
Could Rachel Reeves start taxing interest earned within Stocks and Shares ISAs?
From April 2027, the Cash ISA limit for under-65s drops from £20,000 to £12,000 and the chancellor is reportedly looking at closing the backdoor too, with a 22% tax on interest earned from cash held inside a Stocks and Shares ISA.
The S&S ISA is still one of the most powerful tax wrapper out there for long-term investing, but the rules could be shifting fast.
There are still plenty of unanswered questions, including how cash-like investments such as Overnight Rate ETFs will be treated, and whether a token stock holding could offer a workaround (though nothing's confirmed yet).
Rules like this shift fast. Comment "NEWS" and we'll send our newsletter straight to your inbox so you're never caught off guard.
Capital at risk. The value of investments can go down as well as up and you may get back less than you invest.
#ISA #StocksAndSharesISA #CashISA #RachelReeves #UKTax
