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Legislation
Finance Act 2026

Crossheading Income tax charge, rates and allowances

  • Section 1 Income tax charge for tax year 2026-27
  • Section 2 Main rates of income tax for tax year 2026-27
  • Section 3 Default and savings rates of income tax for tax year 2026-27
  • Section 4 Increase in dividend ordinary and upper rates
  • Section 5 Savings rates of income tax for tax year 2027-28
  • Section 6 New rates of income tax on property income
  • Section 7 Property rates of income tax for tax year 2027-28
  • Section 8 Scottish and Welsh property rates set by Scottish Parliament and Senedd
  • Section 9 Freezing starting rate limit for savings for tax years 2026-27 to 2030-31
  • Section 10 Basic rate limit and personal allowance for tax years 2028-29 to 2030-31
  1. Income tax charge, rates and allowances
  2. Main rates of income tax for tax year 2026-27

Section 2 | Main rates of income tax for tax year 2026-27

From legislation.gov.uk

For the tax year 2026-27 the main rates of income tax are as follows—

(a)the basic rate is 20%,

(b)the higher rate is 40%, and

(c)the additional rate is 45%.

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