Every UK Budget and Autumn Statement explained in plain English — with free calculators so you can see exactly what each tax change means for your pay, your business costs and your investments.
March 2026 · Rachel Reeves
Personal Allowance held frozen at £12,570. Income tax rates unchanged. Employer NI at 15% (effective April 2025) continues. Capital gains tax higher rate on assets 24% since October 2024.
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October 2025 · Rachel Reeves
Employer National Insurance raised to 15% and threshold cut to £5,000. CGT higher rate on non-residential assets aligned at 24%. Income tax thresholds frozen through to 2028.
Read full analysis →
Personal Allowance
£12,570
Frozen until 2028
Basic-Rate Band (up to)
£50,270
Threshold frozen
Income Tax — Basic Rate
20%
Unchanged
Income Tax — Higher Rate
40%
Unchanged
Employer NI Rate
15%
From April 2025
Employer NI Threshold
£5,000
Down from £9,100
CGT — Higher Rate (assets)
24%
From Oct 2024
CGT Annual Exempt Amount
£3,000
Per individual
Corp. Tax Main Rate
25%
Unchanged
Detailed analysis across income tax, capital gains, property and employer costs.
How the frozen Personal Allowance and rate bands push more earners into higher brackets via fiscal drag.
Full guide to income tax, NI, CGT and allowances for those earning above £50,270.
Residential 18%/24% rates, PRR, 60-day reporting rule and the £3,000 Annual Exempt Amount.
Use these free tools to calculate the personal impact of the latest Budget changes.
See your net salary after income tax, NI and student loan for 2026/27.
Open calculator →Calculate your income tax bill at current frozen thresholds.
Open calculator →Model the employer NI cost at 15% and the £5,000 secondary threshold.
Open calculator →Calculate CGT on assets and property at the updated 2024/25+ rates.
Open calculator →This hub provides general information about UK tax policy and Budget announcements. It is not financial or tax advice. Always verify figures with HMRC or a qualified adviser before making financial decisions.