Weekend reading: parched country hears more about the cash ISA changes nobody asked for. Oh, and another PM

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  Maven

  1 marc1485153 June 27, 2026, 12:14 pm

  LISAs are brilliant as a retirement vehicle. If gov wants to scrap higher rate pension relief an upsized LISA model would be a great, hassle free alternative.
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  Mogul

  2 Delta Hedge June 27, 2026, 12:43 pm

  So, the bottom line here for effectively mitigating ISA exposure to the 22% IT charge after 6/4/2027 is going to be?:
  1). Cash interest: X
  2). CSH2 ETF (SONIA based / MMF like with 0.01% spread) distributions: also X
  3). ERNS LN ETF (with 0.05% spread) distributions: ✓

  As noted, even a 100% equity investor has to hold at least some in wrapper cash for platform fees.

  I don’t think this is going to raise much for HMT, and, given the headache for all involved here, just why bother?
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  Maven

  3 marc1485153 June 27, 2026, 1:30 pm

  Delta Hedge. I think the intended goal is to encourage the highly risk averse British public to invest in equities for long term growth rather than stay in cash. The British ISA (as an additional allowance) would definitely be utilised for investing in U.K. stocks by the wealthy. No idea how to encourage others.