HMRC Reveals Cash ISA Loophole — Millions Could Face New 20% Penalty
Millions of UK savers rely on Cash ISAs as a safe and tax‑efficient way to grow their money. For years, these accounts have been marketed as straightforward: deposit within your annual allowance, earn interest tax‑free and withdraw when needed. However, recent clarification from HM Revenue and Customs has highlighted a compliance issue that could leave some account … Read more