Transfers from S&S ISA to be scrapped

Alexland

ColdIron said:

The following rules will be introduced to avoid circumvention of the lower limit for cash ISAs:

• no transfers from stocks and shares and Innovative Finance ISAs to cash ISAs
• tests to determine whether an investment is eligible to be held in a stocks and shares ISA or is ‘cash like’
• a charge on any interest paid on cash held in a stocks and shares or Innovative Finance ISA

These rules will apply to investors under the age of 65.

https://www.gov.uk/government/publications/tax-free-savings-newsletter-19/tax-free-savings-newsletter-19-november-2025

It's so utterly maddening that given the huge challenges the UK faces competing in a global economy, fixing people's falling living standards, rebuilding our crumbling companies and infrastructure the treasury have wasted so much time in coming up with oppressive new ISA rules to make things unnecessarily complex, difficult and less suited to people's evolving needs for absolutely no benefit whatsoever.

HedgehogRulez

If only they invested more in the education of our aging population! Does anyone know how to use apostrophes?

ISA’s … 65’s 😖

Won’t someone think of the children!

dales1

ISA’s … 65’s 

These aren't genitives (ie posessives). They are plurals.

It is ISAs and 65s, for plurals.

HedgehogRulez

dales1 said:

ISA’s … 65’s 

These aren't genitives (ie posessives). They are plurals.

It is ISAs and 65s, for plurals.

Exactly my point….

flaneurs_lobster

It's a general courtesy observed around these parts that errors in spelling, punctuation, grammar and so on are not commented on unless it is to correct a meaningful error caused by such.

Politeness, innit.

ColdIron

I scream when I see ISA's

The new 'Interesting' reaction link was a missed opportunity for somewhere to vent our collective rages 

QrizB

hallmark said:
I know many people who don't go online at all who are livid, and they're all "working people".

How many of those "working people" were planning to put more than £12k into a cash ISA in 2027?

Or are they just livid because their offline sources of information have told them they should be?

Section62

QrizB said:

hallmark said:
I know many people who don't go online at all who are livid, and they're all "working people".

How many of those "working people" were planning to put more than £12k into a cash ISA in 2027?

Or are they just livid because their offline sources of information have told them they should be?

It isn't just the £12k limit though.  It is also the tweaks in the rules they are proposing to implement as a consequence.

I don't want to put more than £12k into a cash ISA in 2027, but the rule changes will have a significant impact on how I manage my money and long-term saving/investing plans.  I don't think I'm alone in this.

someone

Could you transfer previous years' subscriptions from an S&S ISA to a Cash ISA at any point where the limits were previously different (1999/2000 and 2013/2014)?

EthicsGradient

Here's what people who want lots of cash in ISAs can do:
1) transfer what they have now in S&S ISAs and want as cash to cash ISAs before 2027. Add 20k in the 26/27 year to them (and up to 20k this year if they haven't already)
2) add another 12k each year to those cash ISAs after that. The source for that could be profits taken from your S&S ISAs. You still get to add another 8k back into the S&S ISAs.
3) if  they reach 65, add 20k each year.

This will enable you to build up a large amount of tax-free savings. If you're using ISAs to fund your retirement, then use pensions instead. You can also use gilts and bonds in the S&S ISA. If your need for cash is still unsatisfied, then save and pay income tax on the interest. But how much cash do you need?