| Immediately |
CGT relief when selling to an ESOT reduced from 100% to 50% |
Restricted application |
| Ongoing |
Income tax thresholds freeze extended to April 2031 |
Further fiscal drag |
| April 2026 |
Minimum wage increases – hourly rate for over 21s will rise to £12.71 |
Employer burden |
| April 2026 |
Dividend tax rates increasing to 10.75% and 35.75% |
Makes current director/shareholder remuneration arrangement marginal |
| April 2026 |
Green levies from energy bills removed |
Cheaper energy |
| April 2026 |
EIS and VCT expanded for larger companies with higher raise limits, but investor tax relief cut from 30% to 20% |
Lower investor tax relief despite expanded limits |
| April 2026 |
WDA rate reduced to 14%. New rate of FYA 40% |
Minimal impact as Annual Investment Allowance still £1m |
| April 2027 |
Income tax rates payable on interest and rental income to be increased to 2 percentage points above normal income tax rates |
Increasing self-assessment bills |
| April 2027 |
Cash ISAs – maximum reduced to £12,000 p.a. (unless over 65) |
Encouraging investment in the markets |
| April 2027 |
Student loan – Plan 2 – interest rate frozen at 7.9% |
Impacts borrowers who started courses between 2012 and 2023 |
| April 2028 |
Mansion tax introduced on a sliding scale according to property value (£2,500 per year for lowest band above £2m) |
High value council tax charge, administration to be argued over |
| 2029 |
Maximum salary sacrifice for pension contributions limited to £2,000 |
Likely to reduce contributions as NI charges to both employers and employees increase |
| 2028-29 |
Electric and hybrid cars to pay a road tax based on mileage driven |
Administration to be argued over the next few years |
