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Increases to Tax Rates on Property and Savings Income

As announced in the 2026 Budget, the rates of Income Tax applicable to income from property and income from savings will increase from 6 April 2027.

The new rates will be as follows:

  • Basic rate: 24 per cent;
  • Higher rate: 44 per cent;
  • Additional rate and trust rate: 49 per cent.

The aim of the increases is to support the government's commitment to fiscal discipline and to ensure measures to support households and businesses are fully funded.

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