Dividend Tax:
Tax rise by 2% on dividend income from 8.75% to 10.75%, while for the higher rate from 33.75% to 35.75%.

Property Tax:

The basic tax rate on rental income will be 22%, higher rate will be 42%, and the additional rate will be 47%, effective from April 2027 to 2028.

Minimum Wage:

Over-21 years old, new rate £12.71 per hour. 18 to 20-year-olds rate £10.85 per hour and 16 to 17-year-olds rate £8 per hour, effective from April 2026.

Two-child benefit:

The government will scrap the two-child benefit cap from April 2026 so that any number of children in the family can claim benefit. It will alleviate child poverty.

State Pension:

Basic and new state pension payments to go up by 4.8% from April 2026.

Pension Contribution:

Salary sacrifice to avoid paying NI on pension contributions capped at £2,000 a year from 2029. Now there is no limit.

Business Rates:

Introducing ‘permanently lower’ business rates for more than 750,000 retail, hospitality and leisure properties.

Mansion Tax:

Expensive property over £2m–£2.5m will pay £2,500 and up to £7,500 for homes valued at £5m.

Cash ISA:

For individuals under 65s capped at £12,000 a year. Over 65s can retain the full £20,000 allowance per annum.

Personal Threshold:

Personal tax-free threshold of £12,570 frozen until 2031, dragging more people into higher bands over time.

Mileage tax on cars:

3p charge for every mile for electric vehicles and 1.5p per mile for plug-in hybrid vehicles.

Inheritance tax:

Will allow the transfer of 100% relief allowance between spouses.