- The Chancellor has announced increases in the tax rates for dividend income. From 6 April 2026, the basic rate will increase from 8.75% to 10.75% and the higher rate will increase from 33.75% to 35.75%.
- The Chancellor has also announced increases in the tax rates for savings and property income. From 6 April 2027, the basic rate will increase from 20% to 22%, the higher rate will increase from 40% to 42% and the additional rate will increase from 45% to 47%.
- Timing: The increase to the basic and higher tax rate for dividends will apply from 6 April 2026. The increase to the basic, higher and additional tax rate for savings and property income will apply from 6 April 2027.
Resources (click to open)
