Stocks & Shares ISA update
You may have seen some recent headlines about cash within ISAs being taxed – we know about the changes to Cash ISAs from 2027 (click here for a reminder), but this did come as a surprise!
HMRC have said that interest on cash held in Stocks & Shares ISAs, will be subject to a 22% flat-rate charge from 6 April 2027.
What we do know is that this is currently in a consultation phase with industry members to determine how it is likely to be implemented. What we don’t know are the practicalities – if this means all cash (for example, our portfolios always carry a minimum 2% cash as this is a requirement of the Platform) or cash over a certain level held over a certain time. Either way, it will take quite a lot of development from the various platforms, so there will likely be a push back from them in the first instance.
As soon as we know more details, we will be back in touch, but there is nothing for you to do now. As ever, though, if you have any questions or concerns, please do get in touch.
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