New rate of tax on interest from April 2027

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81949545#Comment_81949545

Yes, in the context of your final point, many will use the ISA wrapper for investments, which simplifies admin while sheltering returns that are likely to be more significant over the long term, so those in this position are less likely to have cash ISA headroom for sheltering savings.

mills112

https://forums.moneysavingexpert.com/discussion/comment/81949454#Comment_81949454

ah, good to know! i don't have cash ISA, just stock ISA so it won't affect me. I did know this but I had forgotten about it!

masonic

https://forums.moneysavingexpert.com/discussion/comment/81949702#Comment_81949702

Though very few are saving/investing more than £20k of their income per tax year, and even those who exhaust their full ISA allowance and also fully utilise their pension, can hold an additional ~£20k at today's rates (high rate regular saver's excepted) without paying any tax on the resulting interest, unless they are higher earners, in which case up to £50k in premium bonds could make sense.

Of course there will be a concentration of atypical individuals frequenting this forum.