Key Tax Rates 2025-26 / 2026-27
Income tax bands, CGT, corporation tax, dividends, NI and key allowances at a glance.
Income Tax (England, Wales, NI)
| Band | Range | Rate |
|---|---|---|
| Personal allowance | £0 – £12,570 | 0% |
| Basic rate | £12,571 – £50,270 | 20% |
| Higher rate | £50,271 – £125,140 | 40% |
| Additional rate | Over £125,140 | 45% |
Personal allowance tapers by £1 for every £2 over £100,000 — gone at £125,140. Scotland uses different bands.
Dividends
Dividend allowance
2025-26 and 2026-27
Basic rate dividend
Within basic band
Higher rate dividend
Within higher band
Additional dividend
Above £125,140
Capital Gains Tax (Residential Property)
Basic rate (residential)
Higher rate (residential)
Annual exempt amount
Reporting deadline
National Insurance (Self-Employed)
Class 2 (self-employed)
Abolished from Apr 2024 — voluntary £3.45/wk for state pension creditsClass 4 lower threshold
£12,570Class 4 main rate
6%Class 4 upper threshold
£50,270Class 4 above upper
2%Corporation Tax
| Band | Profits | Rate |
|---|---|---|
| Small profits rate | Profits ≤ £50,000 | 19% |
| Marginal relief | £50,001 – £250,000 | 26.5% effective on slice |
| Main rate | Profits > £250,000 | 25% |
Tax year 2025-26
Updated for Autumn 2025 Budget
Source: GOV.UK rates and allowances. Always verify before filing.