UK Tax Cheatsheet 2026/27
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The UK tax year runs from 6 April to 5 April, and HMRC applies these thresholds to most taxpayers in England, Wales and Northern Ireland (Scotland has separate income tax bands).
| Allowance / Band | Amount | Notes |
|---|---|---|
| Personal Allowance | £12,570 | Lost entirely over £125,140 |
| Basic Rate | £12,571 – £50,270 | 20% |
| Higher Rate | £50,271 – £125,140 | 40% |
| Additional Rate | Over £125,140 | 45% |
| ISA Allowance | £20,000/year | Use it or lose it |
| LISA Bonus | Up to £1,000/year | 25% on contributions up to £4,000 |
| Dividend Allowance | £500/year | Tax-free dividend income |
| CGT Allowance | £3,000/year | Tax-free capital gains |
| Pension Annual Allowance | £60,000/year | Can carry forward 3 years unused |
| Trading Allowance | £1,000/year | Tax-free side-hustle income |
| Marriage Allowance | Up to £252/year | Transfer £1,260 of unused allowance |
Curious what these bands mean for your own pay? Run the numbers with our Salary Calculator or ISA Calculator
For informational purposes only, not tax advice. Figures apply to the 2026/27 tax year (England, Wales & Northern Ireland).
