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Evening Standard
Evening Standard
Vicky Shaw

22% charge aims to stop Isa savers getting around new rules from 2027

HM Revenue and Customs HMRC
At the autumn budget 2025, it was announced that from April 2027, the annual cash Isa allowance would be reduced to £12,000 (Alamy/PA) -

A 22% levy is set to be introduced on interest earned from cash held in stocks and shares Isas to prevent savers getting around new cash Isa limit rules from 2027.

At the autumn budget 2025, it was announced that from April 2027, the annual cash Isa allowance would be reduced to £12,000.

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