The government has confirmed increases to tax rates for dividends, savings and property income.
Dividend rates rise by 2% from April 2026, with the additional rate remaining unchanged:
– Basic Rate increases to 10.75%
– Higher rate increases to 35.75%
Savings and property rates rise by 2% from April 2027:
– Basic Rate increases to 22%
– Higher rate increases to 42%
– Additional rate increases to 47%
These changes mean higher bills for investors, landlords and savers, so planning ahead is more important than ever!