Interest on ISAs to be taxed at 22%
Can someone explain what this means for investing in stocks and shares? I'm new to investing in stocks and shares Isas, but have been enjoying it and wish I started earlier as part of my retirement plan/funds. I was planning on maxing my ISAs as much as I can with my savings each year, but I've just seen the announcement about being taxed 22% on interest. Does this mean any returns you make will be taxed at 22%? I think I might have misunderstood as surely this would put people off investing?