General · 7 September 2026

New ISA rules bring 22% tax on some cash savings from April 2027

Working-age savers will face a 22% charge on interest earned from cash held in stocks and shares ISAs from April 6, 2027. The tax is intended to prevent individuals from exploiting investment ISAs as a loophole once the annual cash ISA limit decreases from £20,000 to £12,000. Pensioners over 65 will keep their £20,000 cash allowance, protecting them from these changes.

By BriefTea Editorial · 7 September 2026 at 1:58

Reported by Birmingham Live · How we write briefs

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Why the new 22% tax? How do other countries manage savings? What's an ISA?

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