5 Autumn Budget | 28 October 2026 Child benefit overpayments HMRC will automatically offset child benefit overpayments against the high income child benefit charge (HICBC), reducing payment and repayment transactions. This will be introduced with retrospective effect from HICBC’s introduction in January 2013. National insurance contributions (NICs) The NIC thresholds for employees and self-employed individuals remain frozen at their current levels and will not change before April 2031. The class 1 secondary threshold is also to be held at its current level of £5,000 until then. Employee shares The Government will increase the Company Share Option Plan (CSOP) individual option limit from £60,000 to £120,000 and remove the interaction with the Enterprise Management Incentives option limit. The change allows eligible employees to receive the full options under each scheme. The CSOP exercise period will increase from ten to 15 years. The changes will apply from 6 April 2027 and be introduced through the Finance Bill. Student loans As previously announced, interest rates for Plan 2 and Plan 3 student loans will be capped at 6% from 1 September 2026 to 31 August 2027.
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