Rachel Reeves ISA Reforms Introduce 22% Tax on Cash Held in Stocks and Shares Accounts
The Treasury has announced that from April 2027, interest earned on cash held within stocks and shares ISAs will be subject to a 22% tax charge, alongside the introduction of a new first-time buyer ISA with no upper age limit. The policy aims to prevent savers from circumventing stricter cash ISA deposit limits while encouraging broader investment participation. New Cash ISA Restrictions Drive Tax Change Under reforms initiated by Chancellor Rachel Reeves, the annual deposit allowance for cash I…









