2025/26 |
||||
‘Other income’ |
Savings income |
Dividend income |
||
Basic Rate |
£1 - £37,700 |
20% |
20% |
8.75% |
Higher Rate |
£37,701 - £125,140 |
40% |
40% |
33.75% |
Additional Rate |
Over £125,140 |
45% |
45% |
39.35% |
2024/25 |
||
Starter Rate |
£1 - £2,306 |
19% |
Basic Rate |
£2,307 - £13,991 |
20% |
Intermediate Rate |
£13,992 - £31,092 |
21% |
Higher Rate |
£31,093 - £62,430 |
42% |
Advanced Rate |
£62,431 - £125,140 |
45% |
Top Rate |
Over £125,140 |
48% |
2025/26 |
2024/25 |
|
Annual Exempt Amount |
£3,000 |
£3,000 |
2025/26 |
From 30 October 2024 |
Prior to 30 October 2024 |
|
Rate of CGT on assets other than residential property and qualifying business disposals: |
|||
Within the basic rate band |
18% |
18% |
10% |
Outside the basic rate band |
24% |
24% |
20% |
Rate of CGT on residential property disposals: |
|||
Within the basic rate band |
18% |
18% |
18% |
Outside the basic rate band |
24% |
24% |
24% |
Rate of CGT on qualifying business disposals: |
|||
Business Asset Disposal Relief (BADR) lifetime limit |
£1 Million |
£1 Million |
£1 Million |
Rate of CGT on gains qualifying for BADR |
14% |
10% |
10% |
1 April 2025 - 31 March 2026 |
1 April 2024 - 31 March 2025 |
|
NLW - age 21 and over |
£12.21 |
£11.44 |
NMW 18-20 year old |
£10.00 |
8.60 |
NMW - 16-17 year old and apprentice |
£7.55 |
£6.40 |
Employees Class 1 NICs |
2025/26 |
2024/25 |
Lower earnings limit (LEL) |
£6,500 |
£6,396 |
Primary threshold (PT) |
£12,570 |
£12,570 |
Upper earnings limit (UEL) |
£50,270 |
£50,270 |
Earnings between the LEL and the PT |
0% |
0% |
Earnings between the PT and the UEL |
8% |
8% |
Earnings above the UEL |
2% |
2% |
2025/26 |
2024/25 |
|
Van Benefit |
£4,020 |
£3,960 |
Van Fuel Benefit |
£769 |
£757 |
Car fuel benefit multiplier |
£28,200 |
£27,800 |
2025/26 |
2024/25 |
|
Class 2 NICs per year – mandatory* |
£nil |
£nil |
Class 2 NICs per year – voluntary* |
£182.00 |
£179.40 |
Small profits threshold (SPT) |
£6,845 |
£6,725 |
Lower profits limit (LPL |
£12,570 |
£12,570 |
Upper profits limit (UPL) |
£50,270 |
£50,270 |
Class 4 NICs on profits below the LPL |
0% |
0% |
Class 4 NICs on profits between the LPL and the UPL |
6% |
6% |
Class 4 rate on profits above the UPL |
2% |
2% |
Financial year to 31 March 2026 |
|
Main rate |
25% |
Small profits rate |
19% |
Small profits threshold |
£50,000 |
Main rate threshold |
£250,000 |
Marginal relief fraction |
3/200 |
Effective marginal relief rate |
26.5% |
From 1 April 2025 |
1 April 2024 to 31 March 2025 |
|
Main Threshold |
£125,000 |
£250,000 |
First time buyers threshold |
£300,000 |
£425,000 |
Location |
Registered as Auditors and regulated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants Copyright@2018 Mayes Business Partnership Ltd 1974-2024
|