The 2025/26 Tax Tables published by Gilberts Chartered Accountants provide an essential snapshot of the latest UK tax rates, thresholds and allowances. Designed to help individuals, families and businesses plan with confidence, the tables outline the key updates across income tax, pensions, investments, property taxes and more. Below is a concise overview of the main changes and figures for the new tax year, drawn directly from the downloadable PDF.
Income Tax and Allowances
The personal allowance remains at £12,570, with key reliefs unchanged. UK taxpayers outside Scotland continue to follow the three-band system, while Scottish taxpayers remain on a multi-tier structure ranging from 19% to 48%. Dividend and savings allowances remain stable, and the High Income Child Benefit Charge now tapers between £60,000 and £80,000 in adjusted net income.
Pensions and State Benefits
Pension allowances, including the £60,000 annual allowance and lump sum limits, remain the same for 2025/26. The new state pension rises to £11,973 per year, with corresponding increases to basic state pension amounts.
Investment Incentives
ISA limits, along with EIS, SEIS and VCT allowances, are unchanged, continuing to offer valuable tax-efficient investment opportunities.
National Insurance Contributions
Employees pay 8% Class 1 NICs up to £967 per week and 2% above this, while employer NICs remain at 15%, with specific reliefs for younger employees and certain employment zones. Self-employed NICs follow updated thresholds for Classes 2 and 4.
Capital Gains Tax
Annual CGT exemptions remain at £3,000, but tax rates are updated: 18% for gains below the higher-rate threshold and 24% for gains above it. Business Asset Disposal Relief applies at 14% on lifetime gains up to £1 million.
Inheritance Tax and Property Taxes
IHT thresholds, including the £325,000 nil-rate band and £175,000 residence nil-rate band, are unchanged. SDLT (England & NI), LBTT (Scotland) and LTT (Wales) continue to operate with region-specific rate bands for residential and commercial property purchases.
Business Tax & VAT
Corporation tax retains its tiered structure, with rates rising from 19% to 25% depending on profits. VAT stays at the 20% standard rate, with reduced rates for domestic fuel and energy-saving materials. Updated car benefit rates and capital allowances provide further guidance for businesses managing operational costs.
Download the PDF for the 2025/26 Tax Tables in full. Perfect for quick reference, planning, and staying organised during tax season.
