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The Independent UK
The Independent UK
Business
Vicky Shaw and Karl Matchett

Rachel Reeves announces new 22% tax on interest from cash in stocks and shares ISAs

Savers face a new 22 per cent levy on interest earned from cash held within stocks and shares ISAs.

In practice, what this means is that you could get a tax bill on money which is in your stocks and shares ISA, but not invested (in funds, shares, etc), if it earns interest paid by your ISA provider.

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