3 Autumn Budget | 28 October 2026 Personal taxation Main personal allowances and reliefs 2027/28 2026/27 Personal allowance¹ £12,570 £12,570 Married couple’s / civil partners’ transferable allowance £1,260 £1,260 Blind person’s allowance £3,370 £3,250 Rent-a-room relief £7,500 £7,500 Property allowance £1,000 £1,000 Trading allowance £3,000 £1,000 1. Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000. Income tax rates and bands 2027/28 2026/27 UK taxpayers excluding Scottish taxpayers’ non-dividend, non-savings income Basic (20%) rate on taxable income up to £37,700 £37,700 Higher rate (40%) on next slice over £37,700 £37,700 Additional rate (45%) on income over £125,140 £125,140 All UK taxpayers Starting rate at 0% on band of savings income up to2 £5,000 £5,000 Personal savings allowance at 0%: basic rate taxpayers £1,000 £1,000 higher rate taxpayers £500 £500 additional rate taxpayers £0 £0 Tax rates on savings and property income:3 basic rate taxpayers 24% 20% higher rate taxpayers 44% 40% additional rate taxpayers 49% 45% Dividend allowance at 0% tax – all individuals £500 £500 Tax rates on dividend income: basic rate taxpayers 10.75% 10.75% higher rate taxpayers 35.75% 35.75% additional rate taxpayers 39.35% 39.35% 2. Not available if taxable non-savings income exceeds the starting rate band. 3. Property rates apply to England, Wales and Northern Ireland. Scottish property rates to be announced. Scottish taxpayers’ non-dividend, non-savings income 2027/28 2026/27 19% starter rate on taxable income up to TBA £3,967 20% basic rate on next slice up to TBA £16,956 21% intermediate rate on next slice up to TBA £31,092 42% higher rate on next slice up to TBA £62,430 45% advanced rate on next slice up to TBA £125,140 48% top rate on income over TBA £125,140 The Scottish Budget will be announced on 3 December 2026. Trusts 2027/28 2026/27 Income exemption generally £500 £500 Rate applicable to trusts: Dividends 39.35% 39.35% Savings and property income3 49% 45% Other income 45% 45% 3. Property rates apply to England, Wales and Northern Ireland. Scottish property rates to be announced. High income child benefit charge: 1% of benefit per £200 adjusted net income between £60,000 & £80,000.
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