The Cash ISA threat is real - act now
🔸 Plus: “Sell a kidney if you must, but keep the Bitcoin”? 🔸 GB News loses £33 million a year 🔸 Stripe staff lurk in sketchy web chatrooms 🔸
Your 2-minute guide to demystifying money and making you richer
The markets, year-to-date
S&P 500: 5,954.50 ⬆️ 1.24%
FTSE 100: 8,809.74 ⬆️ 6.65%
Bitcoin: $84,647.45 ⬆️ 9.43%
GBP to USD: $1.2573 ⬆️ 0.44%
GBP to EUR: €1.2115 ⬆️ 0.16%
(As of Friday market close.)
Rachel Reeves is seriously considering axing the £20,000 tax break on Cash ISAs
A couple of weeks ago Moneyin2 told you about the conspiracy to kill the £20,000 Cash ISA tax break. Currently, the law in the UK allows you to deposit up to £20,000 in a cash savings account and all the interest you earn on that is free from tax. The same £20,000 allowance applies to Stocks & Shares ISAs. The law is intended to encourage you to save and invest for your future — and it’s a great way to build wealth if you want long term financial security and independence.
But Chancellor Rachel Reeves is being lobbied by City investment managers who want the tax break for Cash ISAs taken away. They argue that Brits are too ris…