Rejected petition: Reverse the new 22% tax on cash interest on Stocks & Share’s ISA’s
Rejected on
ISA’s should remain tax free.
This week for the first time a tax was introduced on S&S ISA'S. They were created to help the average UK person to build up savings and for nearly 30 years this has been the case.In a time where more people should be encouraged to invest to build up savings, many people will now be discouraged from investing by this change. The people using the S&S ISA are not your multimillion investors but 9-5 workers who are just trying to build some safety net savings through investments.
Why was this petition rejected?
There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
We already have this petition open, which you may wish to sign:
Do Not Tax Uninvested Cash Held Within Stocks and Shares ISAs
https://petition.parliament.uk/petitions/774871We only reject petitions that don’t meet the petition standards.