Investment ISA cash interest changes: Yet more stick, no carrot

The Treasury recently announced it would begin taxing interest earned on cash held within stocks and shares ISAs at a rate of 22% from April 2027. This is the latest in a series of changes to ISA rules, introduced by the government since the election to encourage more savers to invest in stocks and shares over cash. Taken together, these measures fail to recognise that cash is used intentionally by savers as a strategic asset. It is not typically due to lack of awareness or understanding that savers choose cash over equities.  In last November's Budget, the government announced a red...