April 2026
2026/27 Tax Year — Full Rate Update
- All tax calculators updated — Income Tax, National Insurance, Capital Gains Tax, Dividend Tax, Stamp Duty and more now reflect 2026/27 rates effective from 6 April 2026
- National Living Wage — Increased to £12.71/hr for 21+ (was £12.21), £10.85 for 18–20 (was £10.00), £8.00 for under 18 / apprentice (was £7.55)
- State Pension — Triple-lock uprating to £241.30/week (£12,547.60/year), up from £221.20/week
- Student loan thresholds — Plan 1: £26,900 (was £24,990), Plan 2: £29,385 (was £27,295), Plan 4: £33,795 (was £31,395). Plan 5 frozen at £25,000
- Statutory pay rates — SSP up to £123.25/week (was £116.75), SMP/SPP £194.32/week (was £187.18)
- Child Benefit — Eldest child £27.05/week (was £26.05), additional children £17.90/week (was £17.25 each)
- Frozen rates — Personal Allowance (£12,570), tax bands, NI rates (8%/2%/15%), VAT (20%), Stamp Duty bands, ISA (£20,000), CGT exemption (£3,000) and Inheritance Tax (£325k/£175k) all unchanged from 2025/26