Rates
Rates and allowances 2026/27 6 April 2026 to 5 April 2027. Figures last checked between 7 November 2026 and 8 November 2026.
Next scheduled change: 6 April 2027. New tax year. Savings and property income rates rise to 24%, 44% and 49%, the trading allowance rises to £3,000, the Pension Tax Allowance begins and the mileage rate above 10,000 miles rises to 35p.
Income tax bands by nation Income tax National Insurance Student loans Child benefit Statutory pay Minimum wage Mileage allowance ISAs State Pension What changed from 2025/26 Income tax bands by nation England and Northern Ireland Band Taxable income Rate Source Checked Status Basic rate £0 to £37,700 20% gov.uk 7 November 2026 In force Higher rate £37,701 to £125,140 40% gov.uk 7 November 2026 In force Additional rate Over £125,140 45% gov.uk 7 November 2026 In force
Taxable income is pay above the personal allowance. The band limits do not change with the allowance; the gross pay at which each starts does.
Scotland Band Taxable income Rate Source Checked Status Starter rate £0 to £3,967 19% gov.uk 7 November 2026 In force Basic rate £3,968 to £16,956 20% gov.uk 7 November 2026 In force Intermediate rate £16,957 to £31,092 21% gov.uk 7 November 2026 In force Higher rate £31,093 to £62,430 42% gov.uk 7 November 2026 In force Advanced rate £62,431 to £125,140 45% gov.uk 7 November 2026 In force Top rate Over £125,140 48% gov.uk 7 November 2026 In force
Taxable income is pay above the personal allowance. The band limits do not change with the allowance; the gross pay at which each starts does.
Wales Band Taxable income Rate Source Checked Status Basic rate £0 to £37,700 20% gov.uk 7 November 2026 In force Higher rate £37,701 to £125,140 40% gov.uk 7 November 2026 In force Additional rate Over £125,140 45% gov.uk 7 November 2026 In force
Taxable income is pay above the personal allowance. The band limits do not change with the allowance; the gross pay at which each starts does.
Income tax Figure Value Source Checked Status Personal allowance £12,570 gov.uk 7 November 2026 In force Income limit for the personal allowance £100,000 gov.uk 7 November 2026 In force Allowance lost per £1 of income above the limit 50% gov.uk 7 November 2026 In force. £1 of allowance lost for every £2 of adjusted net income above the taper start Marriage allowance transfer £1,260 gov.uk 7 November 2026 In force Starting rate for savings £5,000 gov.uk 7 November 2026 In force Starting rate for savings: other income limit £17,570 gov.uk 7 November 2026 In force Personal savings allowance, basic rate £1,000 gov.uk 7 November 2026 In force Personal savings allowance, higher rate £500 gov.uk 7 November 2026 In force Personal savings allowance, additional rate £0 gov.uk 7 November 2026 In force Savings basic rate 20% gov.uk 7 November 2026 In force Savings higher rate 40% gov.uk 7 November 2026 In force Savings additional rate 45% gov.uk 7 November 2026 In force Property income basic rate 20% gov.uk 7 November 2026 In force. Property income is charged at the main rates in 2026/27 Property income higher rate 40% gov.uk 7 November 2026 In force Property income additional rate 45% gov.uk 7 November 2026 In force Dividend allowance £500 gov.uk 7 November 2026 In force Dividend ordinary rate 10.75% gov.uk 7 November 2026 In force Dividend upper rate 35.75% gov.uk 7 November 2026 In force Dividend additional rate 39.35% gov.uk 7 November 2026 In force Trading allowance £1,000 gov.uk 7 November 2026 In force Property allowance £1,000 gov.uk 8 November 2026 In force. The first £1,000 of property income is tax free; it cannot be used together with expenses
National Insurance Figure Value Source Checked Status Employee main rate 8% gov.uk 7 November 2026 In force Employee rate above the upper earnings limit 2% gov.uk 7 November 2026 In force Lower earnings limit £6,708 gov.uk 7 November 2026 In force Primary threshold £12,570 gov.uk 7 November 2026 In force Upper earnings limit £50,270 gov.uk 7 November 2026 In force Employer rate 15% gov.uk 7 November 2026 In force Secondary threshold £5,000 gov.uk 7 November 2026 In force Employment allowance £10,500 gov.uk 7 November 2026 In force Class 2, weekly £3.65 gov.uk 7 November 2026 In force. Voluntary below the small profits threshold; treated as paid at or above it Small profits threshold £7,105 gov.uk 7 November 2026 In force Class 4 lower profits limit £12,570 gov.uk 7 November 2026 In force Class 4 upper profits limit £50,270 gov.uk 7 November 2026 In force Class 4 main rate 6% gov.uk 7 November 2026 In force Class 4 rate above the upper profits limit 2% gov.uk 7 November 2026 In force
Student loans Figure Value Source Checked Status Plan 1 threshold £26,900 gov.uk 7 November 2026 In force Plan 1 rate 9% gov.uk 7 November 2026 In force Plan 2 threshold £29,385 gov.uk 7 November 2026 In force Plan 2 rate 9% gov.uk 7 November 2026 In force Plan 4 threshold £33,795 gov.uk 7 November 2026 In force Plan 4 rate 9% gov.uk 7 November 2026 In force Plan 5 threshold £25,000 gov.uk 7 November 2026 In force Plan 5 rate 9% gov.uk 7 November 2026 In force Postgraduate loan threshold £21,000 gov.uk 7 November 2026 In force Postgraduate loan rate 6% gov.uk 7 November 2026 In force
Child benefit Figure Value Source Checked Status High income child benefit charge starts £60,000 gov.uk 7 November 2026 In force Charge reaches 100% £80,000 gov.uk 7 November 2026 In force Income per 1% of charge £200 gov.uk 7 November 2026 In force. 1% of the child benefit for every £200 of adjusted net income above the start Child benefit, eldest or only child, weekly £27.05 gov.uk 7 November 2026 In force Child benefit, each additional child, weekly £17.90 gov.uk 7 November 2026 In force
Statutory pay Figure Value Source Checked Status Statutory sick pay, weekly £123.25 gov.uk 7 November 2026 In force Statutory sick pay, share of average weekly earnings if lower 80% gov.uk 7 November 2026 In force. The lower of the weekly rate and 80% of average weekly earnings Statutory sick pay, maximum weeks 28 gov.uk 7 November 2026 In force Statutory maternity pay, weekly after the first six weeks £194.32 gov.uk 7 November 2026 In force Statutory maternity pay, share of average weekly earnings 90% gov.uk 7 November 2026 In force Statutory maternity pay, weeks at the earnings rate 6 gov.uk 7 November 2026 In force
Minimum wage Figure Value Source Checked Status National living wage, 21 and over, hourly £12.71 gov.uk 7 November 2026 In force Minimum wage, 18 to 20, hourly £10.85 gov.uk 7 November 2026 In force Minimum wage, under 18, hourly £8.00 gov.uk 7 November 2026 In force Apprentice rate, hourly £8.00 gov.uk 7 November 2026 In force
Mileage allowance Figure Value Source Checked Status Car mileage, first band, per mile 55p gov.uk 7 November 2026 In force Car mileage, first band, miles 10000 gov.uk 7 November 2026 In force Car mileage, after the first band, per mile 25p gov.uk 7 November 2026 In force Motorcycle mileage, per mile 24p gov.uk 7 November 2026 In force Cycle mileage, per mile 20p gov.uk 7 November 2026 In force
ISAs Figure Value Source Checked Status ISA annual limit £20,000 gov.uk 7 November 2026 In force Lifetime ISA property price cap £450,000 gov.uk 7 November 2026 In force Lifetime ISA withdrawal charge 25% gov.uk 7 November 2026 In force. Applies to any withdrawal other than a first home at or under the price cap, age 60 or over, terminal illness or death Lifetime ISA charge, first home above the cap (from 29 October 2026) 20% gov.uk 7 November 2026 In force Lifetime ISA charge, first home above the cap, before 2026-10-29 25% gov.uk 7 November 2026 In force Lifetime ISA government bonus 25% gov.uk 8 November 2026 In force. Government bonus on money paid in, up to £1,000 a year Lifetime ISA annual limit £4,000 gov.uk 8 November 2026 In force
State Pension Figure Value Source Checked Status Full new State Pension, weekly £241.30 gov.uk 8 November 2026 In force. Full rate of the new State Pension, 2026 to 2027
What changed from 2025/26 incomeTax.bands.scotland[0].upTo: £2,827 to £3,967 incomeTax.bands.scotland[1].upTo: £14,921 to £16,956 incomeTax.dividends.rates.basic: 8.75% to 10.75% incomeTax.dividends.rates.higher: 33.75% to 35.75% nationalInsurance.employee.lowerEarningsLimit: £6,500 to £6,708 nationalInsurance.selfEmployed.class2Weekly: not set to £4 nationalInsurance.selfEmployed.smallProfitsThreshold: not set to £7,105 nationalInsurance.selfEmployed.class4.lowerProfitsLimit: not set to £12,570 nationalInsurance.selfEmployed.class4.upperProfitsLimit: not set to £50,270 nationalInsurance.selfEmployed.class4.mainRate: not set to 6% nationalInsurance.selfEmployed.class4.upperRate: not set to 2% studentLoans.plan1.threshold: £26,065 to £26,900 studentLoans.plan2.threshold: £28,470 to £29,385 studentLoans.plan4.threshold: £32,745 to £33,795 studentLoans.plan5.threshold: not set to £25,000 studentLoans.plan5.rate: not set to 9% childBenefit.weeklyEldest: not set to £27 childBenefit.weeklyAdditional: not set to £18 statutoryPay.ssp.weekly: £119 to £123 statutoryPay.ssp.earningsFraction: not set to 80% statutoryPay.smp: not set to [object Object] (unset) isa.annualLimit: not set to £20,000 isa.lifetimeIsa: not set to [object Object] (unset) statePension.fullNewWeekly: £230 to £241 minimumWage: not set to [object Object] (unset) mileage: not set to [object Object] (unset) A value in this file last changed on 9 November 2026. Re-verifying a value does not count as a change.
This page is rendered from the rules file for 2026/27 , open data under CC BY 4.0. The methodology explains the status words and how values are verified.
Other years: 2025/26 , 2027/28 .