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PunchyouAl
308 posts
@davidareader @oldishbird1 Or just leave peoples hard earned income alone 👍
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Slow clap for all the people who have just ushered in a flat 22% tax on any cash savings.
You earn it, they tax it.
You spend it, they tax it.
Now, you save it, they tax it again!!!
Want to leave it to your kids, yep they’ll tax that as well!! 🤬🤬🤬
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@boredsailor19 @ExInspectorBDS You can't have done if you think there's a flat 22% tax on cash savings
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@ExInspectorBDS No I haven’t. I’ve fully understood it. I just don’t agree with it. 👍
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@faultycontainer @UncleSteveOG How long might you wait for a pullback? It's not like you're losing money.
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@punchyoual @UncleSteveOG It’s not sitting ‘uselessly’ if you’re waiting for a pullback.
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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.
UncSants@SantsRNTL
Guys don’t you think it’s mad getting taxed on money you’ve already been taxed on?
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@Mike_Cowan @LEGS223 @j1nv3st Mad that you're offering suggestions and he's now arguing why keeping it in cash is best
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Doesn’t seem so bad does it?
If you have 5k cash position in your ISA right now.
4% interest £200.
Taxed at 22%
Left with £156.
You may not care or see the problem today.
But then it will be tax on the gains, then reduce the yearly deposit amount.
Death by a thousand scratches.
No wealth boosting invectives for the common man in this country. Joke
Politics UK@PolitlcsUK
🚨 NEW: The UK has announced that interest on cash in Stocks and Shares ISAs will be taxed at 22%
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@Aethul323 @acetthetics How long are you going to leave that money in cash in your ISA? As an example
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@punchyoual @acetthetics I just explained a scenario in which I held a stock for years and you're calling it day trading.
Are you ok buddy?
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This is good. Push people away from cash isa’s into stocks and shares. UK normies are tight af with money.
Politics UK@PolitlcsUK
🚨 NEW: The UK has announced that interest on cash in Stocks and Shares ISAs will be taxed at 22%
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@Aethul323 @acetthetics You can still make interest on your money if you want to keep money sitting in your S&S ISA for years.
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@punchyoual @acetthetics Before, you could make interest on your money tax free and have the time to research other companies before investing.
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@Aethul323 @acetthetics I don't think theyve ever sold it as a vehicle for day trading
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@punchyoual @acetthetics If I bought a companies stock a few years ago, and today I'm not certain about the future of the company and want to sell its stock, I am very heavily encouraged to ape all of that money into another stock instantly to avoid being taxed on my interest.
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@punchyoual @LEGS223 @j1nv3st There's literally endless ETF strategies you could employ to avoid the tax and have close to zero risk. The policy is obviously ridiculous but let's not pretend there's not easy workarounds here. If you can't be arsed to work out the ETF mix to use then just ask AI. It's not hard
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@acetthetics You're under the impression that the only investment strategy ever is dca'ing into a ETF
This fucks up people who invest in single companies massively.
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They literally don't want ppl to come up in any way
GB Politics@GBPolitcs
🚨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
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@punchyoual @j1nv3st I know how it works. It is more punitive than the cash ISA now.
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@j1nv3st @punchyoual Liquidity is important. Timing is important. Flexibility is important. The money has already been taxed by the time it enters the ISA. This smacks of desperate moronic policy by imbeciles. I mean, even forcing investment in stocks doesn't benefit those businesses at all.
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@MSEssex73 @CDriscoll99 This is the interest on cash in the wrong account. Hard work has nothing to do with it
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@CDriscoll99 I just don’t know why hard working people who want to do well bother anymore
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Squeezing every last ounce from people trying their best. Instead of a sweeping DOGE style reform on government spending. Low hanging fruit of departmental fraud, fake and inflated government contracts, welfare eligibility and overseas aid. (Because it’s too hard.)
Politics UK@PolitlcsUK
🚨 NEW: The UK has announced that interest on cash in Stocks and Shares ISAs will be taxed at 22%
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@punchyoual @j1nv3st You would quickly max out your contribution doing that. It's capped on money in only.
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@punchyoual @j1nv3st It's called risk off. You take profits and wait for another opportunity.
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@retail_mourinho Your S&S ISA will remain tax free if you use it as intended
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And they’re really wondering why so many highly qualified and wealthy people are leaving the UK.
Europe is a tax hell. It’s designed to keep people trapped in the system.
In Germany, the annual tax-free allowance on investment income is just €1,000. Policies like this make it impossible for the middle class to escape the system. It’s on purpose.
-RM
GB Politics@GBPolitcs
🚨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
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