Autumn Budget Hub

Key changes announced

Salary-sacrificed pension contributions above a £2,000 (per annum) cap will be subject to Employee & Employer National Insurance contributions from 6 April 2029.

Key changes announced

From April 2026 the rate of tax on dividends will increase by 2%.

From April 2027 the tax rate on savings income and rental profits will increase by 2%.

Key changes announced

Income tax thresholds will be frozen until the end of the 2029-30 financial year, three years longer than planned.

This means more people will pay higher rates of income tax as their pay rises with inflation.

Key changes announced

Capital Gains Tax (CGT) relief for owners selling their businesses to an Employee Ownership Trusts will be reduced to 50%, effective immediately.

Key changes announced

The National Living Wage will increase by 50p to £12.71 an hour from April 2026.

For 18 to 20-year-olds, the minimum wage will rise by 8.5% to £10.85.

For Apprentices and 16 to 17-year-olds, the minimum wage will increase by 6% to £8 an hour.

Key changes announced

New mileage tax for electric vehicles from April 2028.

3p per mile for electric
1.5p per mile for hybrids

Key changes announced

Milk-based drinks will be included in the soft drinks industry levy – “sugar tax” – from 2028. This will apply to pre-packaged milk-based drinks with added sugar, such as bottled milkshakes and cold coffee drinks.

It will also cover milk substitutes such as soya, oat and rice milks with added sugar.