Stocks & Shares ISAs

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82000947#Comment_82000947

Possibly but I’d be wary of clause 15. We’re beginning to see evidence of brokers and other providers losing patience with people getting up to shenanigans.

15. The Promotion and any obligations of IG pursuant to it will be revoked or withdrawn from participants who abuse the spirit or intention of it. We reserve the right to cancel or withdraw the Promotion at any time for any reason, including, but not limited to, in case of any suspected abuse of the Promotion.

https://www.ig.com/uk/invest-campaign/cashback-may-26

TallGuy2

Anyone got any idea what Money Market Funds will be illegible in a S&S ISA from 2027?

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82014390#Comment_82014390

We still don't know the rules. They could all be excluded or most may not be ineligible at all but simply subject to a 22% "charge" on interest paid (so those that don't pay interest could be excluded?).

Yesterday an article in Citywire reported, "The Treasury has delayed publishing its cash ISA reforms amid concerns that rules designed to close loopholes are too complex, Citywire understands. … Sources close to the discussions say they expect the final rules will include a 22% charge on interest on any cash or ‘cash-like’ investments, such as money market funds, held in stocks and shares ISAs."

https://citywire.com/new-model-adviser/news/exclusive-treasury-stalls-on-cash-isa-rules-over-complexity-concerns/a2490674