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.
Author:
Richard Hattrell
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.
ISA limits, along with EIS, SEIS and VCT allowances, are unchanged, continuing to offer valuable tax-efficient investment opportunities.
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.
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.
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.
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.
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.
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