RE: Up 7%25 May 2026 11:01
Aspers,
Thanks for your reply
The government are changing the rules on 6 April 2027 and within the change they're restricting people under
The age of 65 to only putting £12 in cash isas and they can put £8k in sticks and shares ti qualify for the full £20k
Along with this change they're proposing that any cash held on account in a stocks and shares isa that accumulate interest
Will be taxed at 22% which in my view is taking the pee out of traders with good investment strategy by keeping cash on the side until a good opertunities arise.
Anyway if you put into Google search new rules for stocks & shares ISAS you should be able to read the full new rule proposals.
Regards
Ken
Ps the normal cash isas aren't affected for over 65s