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Read the full UK Autumn Budget Summary 2026
Take a look at our budget breakdown, including highlights and tax information.
Budget highlights
- Tax rates on savings income and property income will rise by a further two percentage points from 2027/28 for basic, higher and additional rate taxpayers, taking the rates to 24%, 44% and 49% respectively. Dividend tax rates will be unchanged.
- A new pensions tax allowance will be introduced for three years to take pensioners with income equal to no more than the new state pension out of tax.
- The proposals to reduce cash ISA subscriptions for the under-65s will be abandoned.
- A new First Time Buyer ISA will be introduced from April 2029. Until then the lifetime ISA will continue, with a small reduction in the penalty charge for property buyers who breach the £450,000 purchase price limit.
- A one-off £100 energy payment will be given to households in council tax bands A to D.
- The trading allowance will be tripled to £3,000 from 2027/28.
- The main first year allowance will be increased from 40% to 50% from 1 January 2027, but the main writing down allowance will be cut from 14% to 12% from April 2027.
- The business assets disposal relief limit will be halved to £500,000 from April 2027, but at the same time a new Founders’ Relief will be introduced with a £10m limit “for qualifying founders of high-growth, innovative companies”.
