INCOME TAX Main personal allowances and reliefs 26/27 25/26 Personal allowance* £12,570 £12,570 Marriage/civil partners’ transferable allowance £1,260 £1,260 Blind person’s allowance TBA £3,130 Rent-a-room relief £7,500 £7,500 Property allowance and trading allowance (each) £1,000 £1,000 *Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000 UK taxpayers excluding Scottish taxpayers’ non-dividend, non-savings income 20% basic rate on taxable income up to £37,700 £37,700 40% higher rate on next slice of income over £37,700 £37,700 45% additional rate on income over £125,140 £125,140 Scottish taxpayers – non-dividend, non-savings income 19% starter rate on taxable income up to TBA £2,827 20% basic rate on next slice up to TBA £14,921 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 published on 13 January 2026 All UK taxpayers 26/27 25/26 Starting rate at 0% on band of savings income up to** £5,000 £5,000 Personal savings allowance at 0%: Basic rate £1,000 £1,000 Higher rate £500 £500 Additional rate £0 £0 Dividend allowance at 0%: All individuals £500 £500 Tax rates on dividend income: Basic rate 10.75% 8.75% Higher rate 35.75% 33.75% Additional rate 39.35% 39.35% Trusts: I ncome exemption generally £500 £500 Rate applicable to trusts: Dividends 39.35% 39.35% Other income 45% 45% **Not available if taxable non-savings income exceeds the starting rate band High Income Child Benefit Charge: 1% of benefit per £200 of adjusted net income between £60,000 and £80,000 REGISTERED PENSIONS 26/27 25/26 Lump sum and death benefit allowance £1,073,100 £1,073,100 Lump sum allowance £268,275 £268,275 Money purchase annual allowance £10,000 £10,000 Annual allowance* £60,000 £60,000 Annual allowance charge on excess is at applicable tax rate(s) on earnings *Reduced by £1 for every £2 of adjusted income over £260,000 to a minimum of £10,000, subject to threshold income being over £200,000
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