UK Answers

UK Tax Rates and Allowances 2026/27: Key Figures

The main UK rates, thresholds and allowances for 2026/27 on one page, each linked to the calculator that uses it.

6 April 2026 to 5 April 2027 · checked 8 October 2026 against official sources

Income tax (England, Wales and Northern Ireland)

Income tax (England, Wales and Northern Ireland)
Personal Allowance£12,570
Basic rate (20%)£12,571 to £50,270
Higher rate (40%)£50,271 to £125,140
Additional rate (45%)Over £125,140
Allowance withdrawn£1 for every £2 over £100,000

Scottish income tax

Scottish income tax
Starter rate (19%)£12,571 to £16,537
Basic rate (20%)£16,538 to £29,526
Intermediate rate (21%)£29,527 to £43,662
Higher rate (42%)£43,663 to £75,000
Advanced rate (45%)£75,001 to £125,140
Top rate (48%)£125,141 and over

National Insurance

National Insurance
Employee: earnings up to £12,5700%
Employee: £12,570 to £50,2708%
Employee: over £50,2702%
Self-employed Class 4: £12,570 to £50,2706%
Self-employed Class 4: over £50,2702%
Class 2 small profits threshold£7,105

Student loan repayment thresholds

Student loan repayment thresholds
Plan 1£26,900 (9% of earnings above)
Plan 2£29,385 (9% of earnings above)
Plan 4 (Scotland)£33,795 (9% of earnings above)
Plan 5£25,000 (9% of earnings above)
Postgraduate Loan£21,000 (6%)

Savings, dividends and gains

Savings, dividends and gains
Dividend allowance£500
Dividend tax: basic / higher / additional10.75% / 35.75% / 39.35%
Capital Gains Tax annual exempt amount£3,000
Capital Gains Tax rates18% / 24%

Pay, leave and work

Pay, leave and work
National Living Wage (21 and over)£12.71 an hour
Minimum wage, ages 18 to 20£10.85 an hour
Minimum wage, under 18 and apprentices£8.00 an hour
Statutory Sick Pay£123.25 a week, or 80% of earnings if lower
Statutory Maternity Pay90% of earnings for 6 weeks, then £194.32 or 90% for 33 weeks
Statutory Paternity Pay£194.32 a week, or 90% of earnings if lower
Statutory redundancy pay: weekly pay cap£751
Statutory redundancy pay: maximum£22,530
Statutory holiday5.6 weeks (28 days maximum)
Minimum notice from employer1 week per year of service, up to 12 weeks

Property, pensions and energy

Property, pensions and energy
Stamp Duty (England and NI): nil-rate bandUp to £125,000 (first-time buyers £300,000)
Stamp Duty: additional property surcharge5%
Full new State Pension£241.30 a week
Electricity price cap26.32p per kWh (1 October to 31 December 2026)
Electricity standing charge54.83p a day

All figures are for 6 April 2026 to 5 April 2027 unless stated. Sources: GOV.UK, Ofgem. Read how we check our figures.

Frequently asked questions

What is the Personal Allowance for 2026/27?

The standard Personal Allowance is £12,570. It reduces by £1 for every £2 of income over £100,000 and is zero from £125,140.

What are the income tax rates for 2026/27?

In England, Wales and Northern Ireland: 20% on income from £12,570 to £50,270, 40% to £125,140 and 45% above. Scotland has six bands from 19% to 48%.

What is the National Living Wage in 2026/27?

£12.71 an hour for workers aged 21 and over from April 2026.

How much is the full State Pension in 2026/27?

£241.30 a week for the full new State Pension.