Tax reference tables
Income tax, capital gains, inheritance and pension allowances
Current and historic UK rates and thresholds at a glance. The most recent tax year is highlighted in each table for quick reference — scroll any table sideways on smaller screens.
Personal allowances
2026 to 2027 current| Allowance | 2026 to 2027 | 2025 to 2026 | 2024 to 2025 | 2023 to 2024 |
|---|---|---|---|---|
| Personal Allowance | £12,570 | £12,570 | £12,570 | £12,570 |
| Income limit for Personal Allowance | £100,000 | £100,000 | £100,000 | £100,000 |
Personal allowances for people born before 6 April 1948
AbolishedThese age-related personal allowances were abolished several years ago. Existing recipients retain transitional protection where applicable.
| Allowance | Status |
|---|---|
| Personal Allowance for people born between 6 April 1938 and 5 April 1948 | No longer available |
| Personal Allowance for people born before 6 April 1938 | No longer available |
Other allowances
2026 to 2027 current| Allowance | 2026 to 2027 | 2025 to 2026 | 2024 to 2025 | 2023 to 2024 |
|---|---|---|---|---|
| Married Couple's Allowance — maximum amount | £11,270 | £11,270 | £11,080 | £10,375 |
| Married Couple's Allowance — minimum amount | £4,360 | £4,360 | £4,280 | £4,010 |
| Blind Person's Allowance | £3,200 | £3,130 | £3,070 | £2,870 |
Tax rates and bands
2026 to 2027 currentIncome after allowances, by band and nation. Scroll sideways to compare against earlier years.
| Band | Rate | 2026 to 2027 | 2025 to 2026 | 2024 to 2025 | 2023 to 2024 |
|---|---|---|---|---|---|
| Starting rate for savings | 10% | Up to £5,000 | Up to £5,000 | Up to £5,000 | Up to £5,000 |
| Basic rate in England & Northern Ireland | 20% | Up to £37,700 | Up to £37,700 | Up to £37,700 | Up to £37,700 |
| Basic rate in Wales | 20% | Up to £37,700 | Up to £37,700 | Up to £37,700 | Up to £37,700 |
| Higher rate in England & Northern Ireland | 40% | £37,701 to £125,140 | £37,701 to £125,140 | £37,701 to £125,140 | £37,701 to £125,140 |
| Higher rate in Wales | 40% | £37,701 to £125,140 | £37,701 to £125,140 | £37,701 to £125,140 | £37,701 to £125,140 |
| Additional rate in England, Wales & Northern Ireland | 45% | Over £125,140 | Over £125,140 | Over £125,140 | Over £125,140 |
Scotland — tax rates and bands
2026 to 2027 currentIncome tax rates and bands set by the Scottish Government for the current tax year.
| Band | Rate | 2026 to 2027 |
|---|---|---|
| Starter Rate | 19% | Up to £2,827 |
| Basic Rate | 20% | £2,828 to £14,921 |
| Intermediate Rate | 21% | £14,922 to £31,092 |
| Higher Rate | 42% | £31,093 to £62,430 |
| Advanced Rate | 45% | £62,431 to £125,140 |
| Top Rate | 48% | Over £125,140 |
Income tax rates and bands — 2026/27 at a glance
A simplified view of the standard England, Wales & Northern Ireland bands for the current tax year.
| Band | Income tax rate |
|---|---|
| Personal Allowance — up to £12,570 | 0% |
| Basic Rate — £12,571 to £50,270 | 20% |
| Higher Rate — £50,271 to £125,140 | 40% |
| Additional Rate — over £125,140 | 45% |
Dividend allowance
| Tax year | Dividend allowance |
|---|---|
| Current 6 April 2026 to 5 April 2027 |
£500 |
| 6 April 2025 to 5 April 2026 | £500 |
| 6 April 2024 to 5 April 2025 | £500 |
| 6 April 2023 to 5 April 2024 | £1,000 |
A dividend allowance was introduced from 6 April 2016.
Capital gains tax allowance — annual exempt amount
2026 to 2027 currentYou can use your Annual Exempt Amount against gains charged at the highest rates to reduce the tax you owe.
| Customer group | 2023 to 2024 | 2024 to 2025 | 2025 to 2026 | 2026 to 2027 |
|---|---|---|---|---|
| Individuals, personal representatives and trustees for disabled people | £6,000 | £3,000 | £3,000 | £3,000 |
| Other trustees | £3,000 | £1,500 | £1,500 | £1,500 |
Inheritance Tax
2026 to 2027 currentInheritance Tax is generally charged at 40% on estates above the available threshold, subject to available reliefs and exemptions.
| Tax year | Nil-rate band | Residence nil-rate band |
|---|---|---|
| Current 2026 to 2027 |
£325,000 | £175,000 |
| 2025 to 2026 | £325,000 | £175,000 |
| 2024 to 2025 | £325,000 | £175,000 |
| 2023 to 2024 | £325,000 | £175,000 |
Pension allowances
2026 to 2027 currentThe Lifetime Allowance has been abolished.
| Tax year | Annual Allowance | Money Purchase Annual Allowance |
|---|---|---|
| Current 2026 to 2027 |
£60,000 | £10,000 |
| 2025 to 2026 | £60,000 | £10,000 |
| 2024 to 2025 | £60,000 | £10,000 |
| 2023 to 2024 | £60,000 | £10,000 |