The 2026/27 tax year at a glance
This page puts the figures most people need for the 2026/27 tax year in one place. Each table links to the page with the full detail and the official source. The tax year runs from 6 April 2026 to 5 April 2027.
This is information, not advice. The Income Tax rates are for England, Wales and Northern Ireland. Scotland sets its own Income Tax rates and bands, shown on the income tax rates page.
Income Tax (England, Wales and Northern Ireland)
| What | 2026/27 |
|---|---|
| Personal Allowance | £12,570 |
| Basic rate | 20% |
| Higher rate | 40% |
| Additional rate | 45% |
| Allowance starts to shrink above | £100,000 |
Source: www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027, checked 22 September 2026; www.gov.uk/income-tax-rates, checked 22 September 2026. More detail.
National Insurance
| What | 2026/27 |
|---|---|
| Employee main rate | 8% |
| Employee rate starts at | £12,570 a year |
| Employee upper earnings limit | £50,270 a year |
| Employee rate above the limit | 2% |
| Employer rate | 15% |
| Employer rate starts at | £5,000 a year |
Source: www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027, checked 22 September 2026. More detail.
Minimum wage from 1 April 2026
| What | 2026/27 |
|---|---|
| Aged 21 and over (National Living Wage) | £12.71 an hour |
| Aged 18 to 20 | £10.85 an hour |
| Under 18, and apprentices under 19 or in their first year | £8.00 an hour |
Source: www.gov.uk/national-minimum-wage-rates, checked 22 September 2026. More detail.
State Pension
| What | 2026/27 |
|---|---|
| New State Pension, full rate | £241.30 a week |
| Basic State Pension, full rate | £184.90 a week |
Source: www.gov.uk/government/publications/benefit-and-pension-rates-2026-to-2027/proposed-benefit-and-pension-rates-2026-to-2027, checked 23 September 2026. More detail.
Sick and maternity pay
| What | 2026/27 |
|---|---|
| Statutory Sick Pay | £123.25 a week |
| Statutory Maternity Pay after six weeks | £194.32 a week |
Source: www.gov.uk/statutory-sick-pay, checked 22 September 2026; www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027, checked 22 September 2026. More detail.
Student loan repayment thresholds
| What | 2026/27 |
|---|---|
| Plan 1 | £26,900 a year |
| Plan 2 | £29,385 a year |
| Plan 4 | £33,795 a year |
| Plan 5 | £25,000 a year |
| Postgraduate Loan | £21,000 a year |
Source: www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027, checked 22 September 2026. More detail.
Dividends and savings
| What | 2026/27 |
|---|---|
| Dividend allowance | £500 |
| Dividend basic rate | 10.75% |
| Dividend higher rate | 35.75% |
| ISA allowance | £20,000 a year |
Source: www.gov.uk/tax-on-dividends, checked 23 September 2026; www.gov.uk/individual-savings-accounts, checked 23 September 2026. More detail.
Business
| What | 2026/27 |
|---|---|
| VAT registration threshold | £90,000 |
| Corporation Tax main rate | 25% |
| Corporation Tax small profits rate | 19% |
Source: www.gov.uk/register-for-vat, checked 23 September 2026; www.gov.uk/government/publications/rates-and-allowances-corporation-tax/rates-and-allowances-corporation-tax, checked 23 September 2026. More detail.
Using these figures
The figures are the rates and limits themselves, before they are applied to your own pay. To see what they mean for a salary, the take-home pay calculator applies them in turn and shows the working. The rates and thresholds section has a page for each group, with the rules behind each figure. For what is set to change next, see what changes in April 2027.