The Budget
What the latest Budget actually changed, in plain English — and what it means for your take-home pay. Updated after every Budget announcement.
Income tax thresholds
Personal Allowance and basic rate band frozen at £12,570 and £50,270 — continued fiscal drag pulls more income into higher bands as wages rise.
Dividend tax rates increased
Basic rate dividend tax rose from 8.75% to 10.75%, and higher rate from 33.75% to 35.75% for 2026/27.
Statutory Sick Pay reform
The lower earnings limit and waiting-day rules for Statutory Sick Pay were removed from 2026/27, and the weekly rate rose to £123.25.
Inheritance Tax APR/BPR cap
Agricultural and Business Property Relief now caps 100% relief at £1 million combined, with 50% relief above that threshold.
Want the full breakdown? Read every tax change explained in plain English.
HMRC-Aligned
All calculators on this site are updated to reflect confirmed Budget changes as soon as they take effect. See the full 2026/27 rate tables or the Tax Year hub for key dates.