New 22% tax on stocks and shares ISAs – what you need to know (opens original article in a new tab)

A new 22% tax on interest from cash held in stocks and shares ISAs will take effect from April 6, 2027, as part of changes to ISA allowances and restrictions.

• New 22% tax on interest from cash in stocks and shares ISAs starting April 6, 2027.
• Cash ISA allowance reduced to £12,000 from April 2027, while stocks and shares ISA limits stay at £20,000.
• £20,000 cash ISA allowance maintained for those aged 65 and over.