Tax and money changes already announced for 2027 and beyond

Published 8 October 2026 · checked 8 October 2026

Some future changes are already in the diary. Here are the dated ones we can confirm from official sources.

When	What changes
1 January 2027	Next Ofgem energy price cap change.
31 March 2027	VAT removal on electricity bills ends, according to Ofgem’s cap figures.
6 April 2027	The Government has announced that most unused pension funds will count towards the Inheritance Tax estate from this date. See the Inheritance Tax calculator.
6 April 2029	Salary sacrifice for pensions: only £2,000 a year of employee contributions will stay exempt from National Insurance. See the salary sacrifice calculator.
5 April 2030	The Inheritance Tax residence nil-rate band (£175,000) is set at its current level until this date.
5 April 2031	The Inheritance Tax nil-rate band (£325,000) is set at its current level until this date.

Sources: GOV.UK salary sacrifice changes, GOV.UK Inheritance Tax thresholds and Ofgem. New announcements, such as a Budget, can change these, and we update this page when they do.

Frequently asked questions

When do pensions become part of Inheritance Tax?

The Government has announced that most unused pension funds will be included in the estate from 6 April 2027.

Until when is the Inheritance Tax threshold frozen?

The nil-rate band of £325,000 is set until 5 April 2031 and the residence nil-rate band of £175,000 until 5 April 2030.

Figures are for the 2026/27 tax year from official sources and are estimates for guidance only, not financial or legal advice. Printed from ukanswers.co.uk.