Do you agree on a 22% tax on cash and ISA?

From April 2027, the UK government plans to apply 22% tax on interest earned from cash held in Stocks & Shares ISAs, while cutting the annual Cash ISA allowance to £12,000 for those under 65. Cash ISAs remain fully tax-free, and actual investments such as shares or funds inside Stocks & Shares ISAs stay exempt from tax on dividends and gains. The measure aims to discourage using Stocks & Shares ISAs as high-interest cash accounts and encourage actual investing.