1 Autumn Budget | 28 October 2026 @ Copyright 28 October 2026. All rights reserved. This summary has been prepared very rapidly and is for general information only. The proposals are in any event subject to amendment before the Finance Act. You are recommended to seek competent professional advice before taking any action on the basis of the contents of this publication. Contents Budget highlights 1 Introduction 2 Personal taxation 3 Pensions, savings and investments 6 Capital taxes 8 Welfare, labour and cost of living 9 Business taxes 10 Value added tax 12 Tax administration 13 NICs 16 Budget highlights l T ax rates on savings income and property income will rise by a further two percentage points from 2027/28 for basic, higher and additional rate taxpayers, taking the rates to 24%, 44% and 49% respectively. Dividend tax rates will be unchanged. l A new pensions tax allowance will be introduced for three years to take pensioners with income equal to no more than the new state pension out of tax. l A new First Time Buyer ISA will be introduced from April 2029. Until then the lifetime ISA will continue, with a small reduction in the penalty charge for property buyers who breach the £450,000 purchase price limit. l T he proposals to reduce cash ISA subscriptions for the under-65s will be abandoned. l A one-off £100 energy payment will be given to households in council tax bands A to D. l T he trading allowance will be tripled to £3,000 from 2027/28. l T he main first year allowance will be increased from 40% to 50% from 1 January 2027, but the main writing down allowance will be cut from 14% to 12% from April 2027. l T he business assets disposal relief limit will be halved to £500,000 from April 2027, but at the same time a new Founders’ Relief will be introduced with a £10 million limit “for qualifying founders of highgrowth, innovative companies”.
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