RE: Tax grab coming27 Aug 2024 19:51
Tax grabs are very unlikely/unusual to be retrospective, even for a Labour Government. They normally set out tax grabs on anything from now going forwards, so those with monies stored under a tax free ISA wrapper already, should (underlined) be OK. As to the tax benefits of new ISA’s in the future, that may be a different story. IMHO Labour will go for tax grabs on CGT (on assets outside ISA’s), IHT and reducing tax relief for higher rate taxpayers on pension contributions as their first targets, but we shall see!!