UK news
fromBusiness Matters
4 hours agoISA shake-up risks unwinding a decade of simplification, warns Charles Stanley
Cash ISA allowance for under-65 savers will fall to £12,000 from April 2027 while total ISA allowance remains £20,000.
A proposed 22% charge on cash interest inside stocks and shares ISAs would align taxation with basic-rate savings interest from 2027/28.
Anti-circumvention rules could undermine 2014 ISA simplification and increase restrictions and bureaucracy, harming SME savers.