STATE PENSIONS Annual Weekly New state pension £12,547.60 £241.30 Basic state pension – single person* £9,614.80 £184.90 Basic state pension – spouse/civil partner* £5,759.00 £110.75 *State pension age reached before 6/4/16 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 TAX INCENTIVISED INVESTMENTS 26/27 25/26 Total Individual Savings Account (ISA) limit, excluding Junior ISAs (JISAs) £20,000 £20,000 Lifetime ISA £4,000 £4,000 JISA/Child Trust Fund £9,000 £9,000 Venture Capital Trust (VCT) up to £200,000 20% 30% Enterprise Investment Scheme (EIS) at 30%* £2,000,000 £2,000,000 EIS eligible for CGT deferral relief No limit No limit Seed EIS (SEIS) at 50% £200,000 £200,000 SEIS CGT reinvestment relief 50% 50% *Above £1,000,000 investment must be in knowledge-intensive companies CAPITAL GAINS TAX 26/27 25/26 Annual exemption: Individuals, estates, etc £3,000 £3,000 Trusts generally £1,500 £1,500 Below UK higher rate band Tax rate 18% 18% Within UK higher and additional rate bands Tax rate 24% 24% Carried interest (all tax bands) Tax rate N/A 32% Trusts and estates Tax rate 24% 24% Business Asset Disposal Relief 18% (14% 25/26) on lifetime limit of £1,000,000 for trading businesses and companies (minimum 5% participation) held for at least 2 years CORPORATION TAX Profits Effective rate Diverted profits Year to 31/3/27 and 31/3/26 £0–£50,000 19.0% £50,001–£250,000 26.5% 31% £250,001 and above 25.0% Loans to participators 33.75% }
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