If you have money in a stocks and shares ISA, the government are going to tax it.

⚠️If you have cash in a Stocks & Shares ISA, Rachel Reeves could be about to tax it… Right now, any interest earned on uninvested cash held inside a Stocks & Shares ISA is completely tax free. But according to reports, the government is considering introducing a 22% tax on that interest from April 2027! 📈 However, this would NOT apply to money that’s actually invested in stocks, ETFs, funds etc. This would only apply to the cash sitting there uninvested… Phew! 😅 This comes alongside the Cash ISA allowance being cut from £20,000 to £12,000, with the wider goal of encouraging more people to invest rather than leave money in cash. And honestly, I’m fully onboard with encouraging more investing long term… But I also think constantly changing the rules, allowances and tax treatment makes it harder for people to plan ahead financially! ❌ Because if people feel like the government can move the goalposts whenever they want, it risks discouraging people from investing altogether! 📉 And naturally, it raises the question… if they’re willing to tax interest on cash held inside a Stocks & Shares ISA, where does it stop? 🤔 Nothing has officially been confirmed yet, but if these changes go ahead, they could have a big impact on how people use ISAs in the future. What do you think - fair change, or another hit to savers and investors? 💬 #PersonalFinance #investing #savingmoney