Tax Free Allowances	24/25	25/26	26/27
	£	£	£
Personal*	12,570	12,570	12,570
Transferable marriage allowance	1,260	1,260	1,260
Dividend Allowance	500	500	500
Personal Savings Allowance **	1,000	1,000	1,000
* The Personal Allowance reduces where the income is above £100,000 by £1 for every £2 of income above the limit until the Personal Allowance is reduced to nil. ** Reduced to £500 for higher rate taxpayers.

Age related allowances available at 10%	24/25	25/26	26/27
	£	£	£
Married couple's allowance (MCA)
Age 75 and over - maximum rate *	11,080	11,270	11,270
Age 75 and over - minimum rate	4,280	4,360	4,360
Income limit	37,000	37,700	37,700
* Allowance reduced by £1 for every £2 of income in excess of income limit

Rate on taxable income	24/25		25/26		26/27
	Band	Rate	Band	Rate	Band	Rate
	£	%	£	%	£	%
*Savings rate (SR) on first	5,000	0	5,000	0	5,000	0
Basic rate (BR) up to	37,700	20	37,700	20	37,700	20
Higher rate (HR) above	37,700	40	37,700	40	37,700	40
Additional rate (AR) on over	125,140	45	125,140	45	125,140	45
Dividend Tax Rates	up to HR/from HR up to AR/above AR	8.75/33.75/39.35	up to HR/from HR up to AR/above AR	8.75/33.75/39.35	up to HR/from HR up to AR/above AR	10.75/35.75/39.35
* There is a 0% starting rate for savings income only. If your non-savings income is above this limit then the rate for savings will not apply

Annual Exemption (AE)	24/25	25/26	26/27
Individuals	£3,000	£3,000	£3,000
Trusts	£1,500	£1,500	£1,500
Standard Rate *	10%/18% to 29/10/2024 10% rate removed from 30/10/2024	18%	18%
Higher Rate *	20%/24%/28% 20% rate removed from 30/10/2024	24%/32%	24%/32%
Business Asset Disposal Relief Rate	10%	14%	18%
* Up to 2024/25 the rates of 18% and 28% apply to gains on residential property and carried interest only. From 2025/26 the higher rate for carried interest increased to 32%.

Corporation Tax
Year Ended 31st March	2025	2026	2027
Rate	Small Profits Rate 19% Main Rate 25%	Small Profits Rate 19% Main Rate 25%	Small Profits Rate 19% Main Rate 25%
Small Profits Rate Band and Marginal Relief Lower Limit	£50,000	£50,000	£50,000
Marginal Relief Upper Limit	£250,000	£250,000	£250,000
Marginal Relief Fraction	3/200	3/200	3/200
Effective Marginal Rate	26.5%	26.5%	26.5%

National Insurance Contributions
Class 1 Employment		24/25	25/26	26/27
Lower earnings limit	pw	£123	£125	£129
	pa	£6,396	£6,500	£6,708
Upper earnings limit (UEL)	pw	£967	£967	£967
	pa	£50,270	£50,270	£50,270
Primary threshold (employee)	pw	£242	£242	£242
	pa	£12,570	£12,570	£12,570
Secondary threshold (employer)	pw	£175	£96	£96
	pa	£9,100	£5,000	£5,000
Employees' Class 1 rate between primary threshold and UEL		8%	8%	8%
Employees' Class 1 rate above UEL		2%	2%	2%
Employers' secondary Class 1 rate above secondary threshold		13.8%	15%	15%
Class 2 rate	pw	£3.45	£3.50	£3.65
Small profits threshold	pa	£6,725	£6,845	£7,105
If your profits are above the Small Profits Threshold you will be be given an NIC credit for the year. If your profits are below the Small Profits Threshold then you can choose to pay Voluntarily the Class 2 NIC to obtain an NIC credit for the year.
Class 3 rate	pw	£17.45	£17.75	£17.80
Class 4 lower profits limit	pa	£12,570	£12,570	£12,570
Class 4 upper profits limit	pa	£50,270	£50,270	£50,270
Class 4 rate between lower profits limit and upper profits limit		6%	6%	6%
Class 4 rate above upper profits limit		2%	2%	2%