Miles Reardon

@Nicoledso NOC what you think. The FACTS make you an imbecile

I will never forgive anyone that voted for Brexit and doesn’t regret it now. Mostly elderly people voted for it saying sovereignty was more important than money but still demand the triple lock! The only generation that voted for Brexit are the least willing to pay for it

@UncleSteveOG You need better advice. This is not what a S&S ISA was designed for. Either transfer out or reinvest. It doesn't get taxed at 22% anyhow only the interest is taxed.

This gets worse when you realise if you sell a stock that’s made a massive profit, once moved in to cash reserves after selling that profit gets taxed at 22%. What’s the point in a Stocks and Shares ISA if your profits are going to get raided? Labour out.

@DaveWild1980 So why the Reeves Master Stroke to bringing in this legislation. The overall Tax to the Treasury will be pennies

Let’s do the maths £25k in S&S ISA 1% held in cash because it doesn’t NEED to be any higher £250 at 3.5% interest = £8.75 £8.75 taxed at 22% =£1.93 The bigger question should be why is anyone holding large amount of cash in a S&S ISA. The country needs investment education

@AshyCompounds At last some sense. The Simpletons were imploding. Thank you

Half of X is losing its mind over the new ISA rule. Let me explain what's actually happening, because the outrage is mostly people misunderstanding their own ISA. From April 2027, a 22% charge applies to interest earned on CASH sitting inside a Stocks & Shares ISA. Not on your investments. Not on dividends. Not on capital gains. Just on cash you're leaving idle in an account designed for investing. Here's the bit nobody's saying out loud: if you're using a S&S ISA to just hold cash, you're using the wrong wrapper. Want to save? Use a Cash ISA. Tax-free interest, zero risk, simple. Want to invest? Use a Stocks & Shares ISA. That's literally what it's built for. The reason this rule exists is because they assume people will quietly parking cash inside S&S ISAs to dodge the lower cash ISA allowance, rather than actually investing it. The government is closing that loophole before it even exists. Now let's talk about why investing in the first place matters so much more than people parking cash realise. £10,000 in a Cash ISA at 4% for 20 years: £21,911. £10,000 in a S&S ISA invested in a global index fund averaging 8%: £46,610. Same tax-free. More than double the outcome. That gap is the entire reason this policy exists, to nudge people out of cash and into growth. And here's what actually annoys me about the outrage. You CAN still hold cash-like exposure in a S&S ISA, completely unaffected by this charge. Money Market Funds are explicitly exempt from the 22% charge entirely, as long as your account isn't 100% cash-like assets. So if you want stability inside your S&S ISA, you've got real options: Money Market Funds: short-term, low-risk, currently yielding close to the base rate, fully exempt from the new charge. Short-dated gilts: UK government debt, extremely low risk, still counts as a genuine investment. Gilt or bond ETFs: diversified, low volatility, still doing what an ISA is meant to do. None of these get touched by the new rule. The only thing being taxed is literal idle cash sitting doing nothing. This is a nudge to actually invest - and fix our high-saving, low investing culture. Stop overreacting to a headline you haven't read the detail on. Are you holding cash in your S&S ISA right now? What for? What have I got wrong ?👇 #ISA #InvestingUK #PersonalFinance

@financefraz And you are either being badly advised or a complete Simpleton

Might not be popular but I actually agree with this… If you have enough money in cash in a ‘Stocks’ ISA to worry about tax then you’re not playing the game right!

@subarustevenz Agreed the Simpletons were having an event today. Anyone with cash in S&S ISA deserved to be taxed on their interest. However insignificant

The meltdown over this from the financially illiterate is equal parts hilarious and depressing

@bphillipsonMP A Super LOW IQ Lefty. Over 370 MP's. And Labour come up with you. Jesus how embarrassing

The constant chatter about private schools reminds me exactly why I do this job. We’re raising more money than expected, school offer days passed smoothly and we’re investing in state schools. My focus remains on the schools attended by the majority of kids in this country.

@truemagic68 You are wrong. Read the legislation. No Tax on Dividends in an ISA only interest which should be negligible in this sort of ISA investment

If that 22.5% tax on cash/stock ISAs dividends & interest is Chancellor Reeves's parting gift to the public, it must go down as a testament that Labour is a party full of envy & spite, determined to destroy savings, investment and business development in general. What a shambles

@mikegardner_wb Please read the actual legislation. This is another Retard Rachel policy with a negligible personal tax burden. No one has cash stock piles in this investment vehicle if they do they deserve to pay the tax

Isa investors to pay new 22pc tax on cash interest Another complexity to be added to our tax system. All to fleece a few savers out of more cash. These mad socialists won’t stop trying to thieve every last penny from those who work and save. telegraph.co.uk/money/tax/news…

@UnityNewsNet The bloke is an imbecile

Gary Stevenson set to be appointed as an 'Economic Adviser' in a new Andy Burnham administration.

@lawrencenewport Its only the interest. No one has cash stock piles in this type of ISA ergo virtually ZERO Tax Burden. Another Rachel Retard moment

So what's the point in an ISA? Why are we doing this??

@DrRebeccaTidy Braindead. No one has huge cash piles in stocks and shares Isa's. The vehicle is to invest in those options. This is a Retard Rachel calculation. The rates in those accounts on cash balances are negligible and therefore almost no tax. Mine was 12 pence Tax last year.

It's a real shame that Labour has introduced a 22% tax on interest from stocks & shares ISAs from April 2027. It's yet another policy that discourages saving money & planning for the future. They're prioritising economic growth over individual wellbeing.

@Bbmorg And when was it that temperature on Christmas Day in previous years. The answer would be on numerous occasions

Will it take a 40 degree Christmas Day to shut up the man made climate change deniers?

@GBPolitcs This is Retard Rachell from Accounts. Nobody will have any significant taxable income from a Stocks and Shares ISA 1. Interest Rates are negligible 2. The purpose is to invest so those assets are non taxable. 3. No sane person has a balance which attracts any sizeable interest

🚨NEW: The government has announced that, from April 2027, interest on cash in Stocks and Shares ISAs will be taxed at 22%, and under-65s will only be able to put up to £12,000 a year in a cash Isa, down from £20,000

@ukhomeoffice How many of these were compensated for leaving.

Anyone who abuses our immigration system will face removal. Nearly 70,000 illegal migrants and foreign criminals have been deported or removed since July 2024.

@TomK_Brit1993 Absolutely creaming benefits with 7 kids

If Angela Rayner had never gone into politics, what job do you think she’d be doing now?

@LibbyTard17 Its only on the interest RETARD. And stock and shares only

Finally! millionaires and billionaires should be paying their fair share. stop trying to hoard money in tax free accounts! Thank you Rachel Reeves 😍 a 22% tax on investment ISAs! thismon.ee/a/15923033

@TomK_Brit1993 What is the Capital of Norway. I'll wait

What would you say if this man knocked on your door?

@benhoobs You mean Marxist. And Degenerate

Delighted to hear this - Bev is a true social mobility success story and the best of our movement. She's the candidate with the right experience to hit the ground running from day one and build a Greater Manchester that works for all of us ❤️

@TomK_Brit1993 Another Failed LOW IQ politician how many imbeciles are in the Labour Party

Would Ed Miliband make a good Chancellor, yes or no?