ISA Rules Change April 27 | Leeds News

Starting April 27, the government is overhauling Individual Savings Accounts with major changes that could hit savers hard: only £12,000 can go into any single ISA—like cash accounts—with the remaining £8,000 locked into stocks and shares. Plus, cash held inside a stocks and shares ISA now faces a 22% tax on interest—even for those over 65. Critics call it a “kick in the teeth,” warning it might backfire by discouraging smart investment strategies. Meanwhile, interest rates outside ISAs are also rising by 2%, pushing basic rate taxpayers to 22% and higher earners to 42%. The government’s goal? Push people into the stock market—but these moves may make saving feel less appealing than ever. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fb5f9b83f381094a