The Chancellor announced a 2% tax rise across the basic, higher and additional rate bands for income for Landlords and Savers effective from April 2027.
*The Scottish and Welsh Governments will have powers to set property tax rates in those jurisdictions.
You will continue to be taxed at 0% within your personal savings allowance and dividend allowance. The savings allowance continues to be set at £1,000 for a basic rate taxpayer, £500 for a higher rate taxpayer and not offered to additional rate taxpayers. The dividend allowance continues to be set at £500.
