The 2026/27 tax year runs from 6 April 2026 to 5 April 2027. Income tax thresholds are frozen again — but Scottish rates diverge further. Here's everything that changed and what it means for your tax bill.
ISA allowances and the pension Annual Allowance are unchanged for 2026/27. But the IHT treatment of pension pots is changing in April 2027 — here's what to know now and how to use your 2026/27 allowances effectively.
Employer NI rose to 15% from April 2025 and remains at that level in 2026/27. Employee rates and thresholds are frozen. Here's how NI works for employees, self-employed and employers this tax year.
MTD ITSA becomes mandatory for self-employed with income over £50,000 in April 2026, changing how millions of sole traders and landlords report tax. Class 2 NI is abolished. Here's everything self-employed people need to know for 2026/27.
From January 2025 UK crypto exchanges report user activity to HMRC. Here's how crypto is taxed — CGT, income tax on staking and airdrops, pooling rules, and what enforcement looks like in 2026
On a £5,000 bonus a higher-rate UK taxpayer keeps £2,900 after income tax + NI + student loan + pension. Here's why bonus tax often feels punitive, the 60% trap, and how to legally keep more
At retirement (age 55, rising to 57 in 2028) you can take 25% of each pension pot tax-free — up to the £268,275 Lump Sum Allowance. How it works, the strategies, the traps to avoid, and what the LSA replaced.
If you sell on eBay, Vinted, Etsy or do gig work in the UK, the £1,000 trading allowance lets you earn up to £1,000 gross tax-free. Here's exactly how it works, when it applies, and the new platform reporting rules.
Between £100,000 and £125,140 your UK personal allowance tapers away, creating a 60% effective tax rate. How the trap works, who hits it, and how pension salary sacrifice can claw back £5,000+ a year.
£125,000 a year after tax in 2025/26 is about £77,032 net (£6,419/month). Full UK breakdown: personal allowance fully tapered, the 60% trap, when the additional rate begins and why £125,140 is the most expensive £1 in UK pay.
On a £150,000 UK salary you take home roughly £91,883 net (£7,657/month). The £100k–£125,140 band costs you 60% effective tax. Full 2025/26 breakdown and the pension salary-sacrifice fix.
£200,000 a year after tax in 2025/26 is about £117,335 net (£9,778/month). Full UK breakdown: 45% additional rate, lost personal allowance, NI, pension tapering risk and the real tax cost on a £200k salary.
