Stocks & Shares ISAs Are No Longer Completely Tax-Free - Government Plans To Tax Uninvested Cash
The Making Money Simple PodcastShow Notes
What do you make of this new '22% tax on uninvested cash in Stocks & Shares ISAs'? To be transparent and up front, the full details are still not known. Once we do know the full and final details, I will release another episode. But I still think it's worth putting this out to make you aware of this coming change and so you have as much time as possible to take any potential actions that you need to. ----------------------------------------- 📝 Get started with investing - I pulled together a 10-page guide, 1-page cheat sheet and 30-day email course (all for free) - click here 📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - click here ----------------------------------------- ⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results. ----------------------------------------- 📥 Get in touch - click here ----------------------------------------- Timestamps: 0:00 - What happened? 0:52 - What is the ISA change? 2:55 - Who does this impact? 5:28 - How much money will this raise? 6:41 - Why this change is pointless (2 main reasons) 9:40 - What about ISA transfers? 10:23 - How to encourage investing 12:07 - What practical things should you do now 15:38 - My honest thoughts
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