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Commentary submitted by Rachel Vahey in their own words.

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-MoneyIsa

22% charge aims to stop Isa savers getting around new rules from 2027

Pre-election promises signalled the chancellor’s ambition to simplify ISAs and boost retail investing. Consumers could have been granted the freedom to move seamlessly from saving to long-term investing had government scrapped the arbitrary distinction between Cash and Stocks and Shares ISAs.