Removal of all current Cash and Share ISAs and no future ISAs.

At the point of this policy change, the value of all existing Share ISAs would be recorded. This recorded value would then become the new 'cost basis' for calculating future Capital Gains Tax (CGT). When you later sell these assets, you would only pay tax on the growth achieved after this change took effect.

Going forward, all interest and dividend income from savings and investments would be taxed annually, just like any other income, removing the tax-free shelter that ISAs currently provide.

This approach deliberately reverses the thinking behind previous government encouragement of saving in a tax free environment. Simply the UK cannot afford with the current level of National Debt not to tax all income.

Messaging from Reeves in Leeds Reform encouraged Bank to push clients into moving from Interest low risk to invest in Stock Market. FixUK believes that strategy was flawed; it artificially inflates share prices with more buyers than sellers and increases the risk of a more severe market collapse, harming all investors. People put the money into cash, as they are risk adverse and should not be encouraged to take risks with their savings. FixUK’s plan prioritises a simpler, more transparent system over policies that create artificial market bubbles. Let people decide their own risk appetite.