HMRC Issues 130,000 Letters to ISA Savers With Average £790 Penalty – Full Crackdown Explained
In a major move affecting UK savers, HM Revenue & Customs (HMRC) has issued around 130,000 letters to holders of Individual Savings Accounts (ISAs), warning them of potential penalties. The crackdown primarily targets Lifetime ISAs (LISAs), which are designed to help savers buy their first home or prepare for retirement. The average penalty reported is … Read more