130,000 ISA Savers Hit With HMRC Letters – £790 Average Penalty Revealed

130,000 ISA Savers Hit With HMRC Letters – £790 Average Penalty Revealed

Thousands of UK savers have recently received unexpected letters regarding their Individual Savings Accounts (ISAs). Reports suggest around 130,000 ISA holders were contacted, with an average penalty figure of £790 highlighted in discussions. For many people who view ISAs as a safe, tax‑efficient way to grow savings, receiving a letter from the tax authority can … Read more