In this episode of Financial Illumination, Financial Planning Manager, James Corcoran, is joined by Financial Consultant, Jack Dudley, to break down the latest changes affecting Cash ISAs, Stocks & Shares ISAs and General Investment Accounts, and what they could mean for your long-term financial planning.
The conversation explores the proposed reduction in the Cash ISA allowance from £20,000 to £12,000 for under-65s from April 2027, the taxation of interest earned on cash funds held within investment ISAs, and why more people may need to think carefully about how they structure their savings and investments.
James and Jack also discuss:
• Cash ISAs vs Stocks & Shares ISAs
• How to make the most of your ISA allowance
• What happens when you have used your ISA and pension allowances
• How General Investment Accounts (GIAs) work
• Capital gains tax and the £3,000 annual allowance
• Using allowances between spouses and civil partners
• Tax-efficient investment strategies
• Why you shouldn’t let tax considerations dictate your entire investment strategy
• The importance of matching your investments to your financial goals and timeframe
• Why having a clear financial plan matters when legislation keeps changing
Whether you’re approaching retirement, building your long-term investments, or simply trying to understand how the latest UK ISA and tax changes could affect you, this episode offers an accessible overview of the key issues to consider.
Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing.
Lumin is authorised and regulated by the Financial Conduct Authority.
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