Post by @amyinthecity_

⚠️ update: *the tax is at 22% no matter your income tax rate! Clearing up the new ISA rules for you!! Cos it’s confusing AF ! From next April • You can only put £12k a year in a Cash ISA (currently £20k) •You can still put £20k across all ISAs • You will not pay any tax on interest earned within a cash ISA • You will not pay capital gains or dividends tax on investments within a Stocks & Shares ISA. • You WILL pay income tax on the INTEREST you earn on CASH held within a Stocks & Shares ISA I don’t make the rules 🤷🏼‍♀️ #ISA #stocks #cashisa #cash #moneytips This information is for educational and informational purposes only and should not be construed as investment, financial, legal, tax or any other advice