26/11/2025
Autumn budget key points that will affect lots of my current clients....
*From April 26: Dividend tax rate increase of 2%. Basic rate tax payer increase from 8.75% to 10.75%. Higher rate tax payer increase from 33.75% to 35.75%. The £500 tax free allowance remains unchanged as does the rate for additional rate tax payers.
*From April 26: Minimum wage increase. 21 years and over will rise from £12.21 per hour to £12.71. 18-20 years old will rise from £10 to £10.85. 16 & 17 years old and apprentices will be paid £8 per hour up from £7.55.
*From April 27: Savings interest liable to tax will also see a 2% tax increase. ISA's remain tax free however the allowance for under 65's will be reduced to £12,000 per year for a cash ISA, down from £20,000. BUT, an additional £8,000 can still be put into a stocks and shares ISA regardless of age.
*From April 27: Property tax rates also see a 2% increase. As a basic rate tax payer you will pay 22% on property profits instead of 20% which you may pay on self employed profits for example. 42% if you are a higher rate tax payer or 47% on property profits for additional rate tax payers.
*Income tax and NI thresholds remain unchanged.