{"$schema":"https://schema.org/Dataset","name":"UK pension and tax rates and allowances 2026-27","taxYear":"2026-27","source":{"publisher":"ParaplanAI","url":"https://www.paraplanai.co.uk/rates/2026-27","landing":"https://www.paraplanai.co.uk/rates","configVersion":"2026-27-v1.16","verifiedDate":"2026-07-13","verifiedAgainst":"HMRC PTM055100 (standard AA £60k), PTM056510 (MPAA £10k), PTM057100 (taper £200k threshold income / £260k adjusted income / £10k floor) — all values verified unchanged from 2025-26 via gov.uk pension scheme rates page (2026-05-15); FA 2024 Sch 9 (LSA £268,275, LSDBA £1,073,100); HMRC PTM171000, PTM172000, PTM174700 (FP2016 — LSA £312,500 / LSDBA £1,250,000, stated verbatim on that page); IPTM3820 / HMRC Agent Update 83 (2021) (Bond PSA recalc); priorSeptemberCPI=3.8% (Sept 2025, ONS series D7G7 dataset MM23) per FA 2004 s.235(3) / PTM053301 DB-PIA opening-value revaluation; default and savings income-tax rates 20%/40%/45% for 2026-27 enacted by Finance Act 2026 s.3; dividend rates 10.75%/35.75%/39.35% + £500 allowance — ordinary and upper rates raised 2pp from 6 April 2026 by Finance Act 2026 s.4 (additional rate unchanged under ITA 2007 Part 1; dividend allowance under ITA 2007 s.13A); trust rate 45% / dividend trust rate 39.35% (ITA 2007 s.9; IPTM3250); HICBC threshold £60,000 / 1% per £200 / 100% at £80,000, Child Benefit £27.05 eldest + £17.90 additional weekly (ITEPA 2003 s.681B-H; gov.uk/child-benefit-tax-charge + gov.uk/child-benefit-rates, verified 2026-06-01); trust GBP500 de-minimis - trustees' net income <= GBP500 treated as GBP0, cliff edge above, GBP100 floor per settlement (ITA 2007 s.24B inserted by F(2)A 2023 Sch 2; s.491 standard rate band repealed from 2024-25); employee Class 1 NIC primary threshold GBP12,570 / UEL GBP50,270 / main rate 8% / additional rate 2% (gov.uk/national-insurance-rates-letters; HMRC NIM01001); employer (secondary) Class 1 threshold GBP5,000 / rate 15% (NICs (Secondary Class 1 Contributions) Act 2025; SSCBA 1992 s.9 — confirmed unchanged for 2026-27 against gov.uk Rates and thresholds for employers 2026 to 2027, employer NI verified 2026-06-24; Employment Allowance GBP10,500 for 2026-27 not modelled by design — engine returns gross per-employee secondary NI); Tax-Free Childcare GBP2,000/child (GBP4,000 disabled) + GBP100,000 either-parent ANI cliff (gov.uk/tax-free-childcare); funded-hours estimate uses the DfE 2026-27 national average funding rates (gov.uk/government/publications/early-years-funding-2026-to-2027, \"Early years funding rates and step-by-step calculations 2026 to 2027\" and the 2026-27 national funding formulae technical note): 3-4 year-olds GBP6.61/hr x 15 hrs/wk (the additional hours only - the universal 15 hours is not subject to the income test), 2 year-olds GBP8.90/hr x 30 hrs/wk, under-2s GBP12.04/hr x 30 hrs/wk, all x 38 wks (gov.uk/30-hours-free-childcare, childcare figures re-verified 2026-10-11: 30 hours a week for 38 weeks from 9 months to 4 years, lost if either parent expected ANI is over GBP100,000) - a LABELLED ESTIMATE that varies by local authority and provider, not a statutory figure. The previous 3-4 rate of GBP6.20 was the DfE minimum funding floor, not the national average; Scottish non-savings bands 2026-27 starter 19%/basic 20%/intermediate 21%/higher 42%/advanced 45%/top 48%, thresholds GBP16,537/29,526/43,662/75,000/125,140 (gov.scot/publications/scottish-income-tax-rates-and-bands, standard PA GBP12,570; savings+dividends UK-wide), verified 2026-06-23","attribution":"ParaplanAI — UK Pension & Tax Rates (https://www.paraplanai.co.uk/rates)","notes":"Figures are read from the versioned configuration the ParaplanAI calculation engine computes against. verifiedDate is the date recorded for the configuration’s official-source verification; verifiedAgainst lists the sources and any per-item dates (internal engineering notes are omitted). Some configVersions change only the verifiedAgainst notes, so a new configVersion does not by itself mean a figure changed. Money values in GBP; rates in percent. For planning and illustration purposes only; not financial or tax advice."},"units":{"money":"GBP","rates":"percent"},"sections":[{"id":"pension-annual-allowance","heading":"Pension annual allowance","url":"https://www.paraplanai.co.uk/rates/2026-27#pension-annual-allowance","citation":"PTM055100 · PTM057100 · PTM056510 · FA 2004 s.190 & s.235 · PTM053301"},{"id":"lump-sum-allowances","heading":"Lump sum allowances","url":"https://www.paraplanai.co.uk/rates/2026-27#lump-sum-allowances","citation":"FA 2024 Sch 9 · PTM171000 · PTM172000 · PTM174700"},{"id":"income-tax","heading":"Income tax — England, Wales & Northern Ireland","url":"https://www.paraplanai.co.uk/rates/2026-27#income-tax","citation":"Finance Act 2026 s.3 (2026/27 default rates) · ITA 2007 s.10 & s.35 (rates, bands, personal-allowance withdrawal)"},{"id":"scottish-income-tax","heading":"Income tax — Scotland (non-savings)","url":"https://www.paraplanai.co.uk/rates/2026-27#scottish-income-tax","citation":"Scotland Act 2016 s.13; rates set by the Scottish Parliament (gov.scot). ITA 2007 s.35 (personal allowance). Savings, dividends, the personal allowance and its withdrawal are UK-wide."},{"id":"savings-and-dividends","heading":"Savings & dividends","url":"https://www.paraplanai.co.uk/rates/2026-27#savings-and-dividends","citation":"Finance Act 2026 ss.3–4 (2026/27 savings rates; dividend ordinary and upper rates) · ITA 2007 s.12 & ss.12A–12B (starting rate, PSA) · ITA 2007 s.13A (dividend nil rate)"},{"id":"national-insurance","heading":"National Insurance (Class 1)","url":"https://www.paraplanai.co.uk/rates/2026-27#national-insurance","citation":"SSCBA 1992 s.8 (employee) & s.9 (employer)"},{"id":"child-benefit","heading":"Child Benefit & the High Income Charge","url":"https://www.paraplanai.co.uk/rates/2026-27#child-benefit","citation":"ITEPA 2003 s.681B–681H · SSCBA 1992 s.141"},{"id":"childcare","heading":"Childcare support & the £100k eligibility limit","url":"https://www.paraplanai.co.uk/rates/2026-27#childcare","citation":"Childcare Payments Act 2014 s.1 & Childcare Act 2016 (funded hours)"},{"id":"trusts","heading":"Trusts","url":"https://www.paraplanai.co.uk/rates/2026-27#trusts","citation":"ITA 2007 s.9 & s.479"},{"id":"cgt-and-isa","heading":"Capital gains & ISA","url":"https://www.paraplanai.co.uk/rates/2026-27#cgt-and-isa","citation":"TCGA 1992 s.1K & s.1H · ITTOIA 2005 s.694 (ISA regulations)"}],"pension":{"standardAnnualAllowance":60000,"taperThresholdIncome":200000,"taperAdjustedIncome":260000,"taperReduction":"£1 for every £2 of adjusted income over the adjusted-income gate","taperFloor":10000,"moneyPurchaseAnnualAllowance":10000,"reliefBasicAmount":3600,"dbRevaluationPriorSeptemberCpiPercent":3.8},"lumpSumAllowances":{"lumpSumAllowance":268275,"lumpSumAndDeathBenefitAllowance":1073100,"protectionCeilings":{"fixedProtection2012":{"lsa":450000,"lsdba":1800000},"fixedProtection2014":{"lsa":375000,"lsdba":1500000},"fixedProtection2016":{"lsa":312500,"lsdba":1250000}}},"incomeTaxRuk":{"personalAllowance":12570,"personalAllowanceWithdrawnFrom":100000,"basicRateBand":37700,"additionalRateThreshold":125140,"basicRatePercent":20,"higherRatePercent":40,"additionalRatePercent":45},"incomeTaxScotland":{"note":"Non-savings bands only; savings, dividends and the personal allowance are UK-wide.","basis":"Band boundaries are GROSS income assuming the full UK personal allowance, matching gov.scot's published table; band widths are TAXABLE income. bandsAnchoredAtPersonalAllowance plus the cumulative widths reproduce the boundaries.","bandsAnchoredAtPersonalAllowance":12570,"lowerBands":[{"name":"Starter rate","ratePercent":19,"taxableBandWidth":3967,"grossIncomeFrom":12571,"grossIncomeTo":16537},{"name":"Scottish basic rate","ratePercent":20,"taxableBandWidth":12989,"grossIncomeFrom":16538,"grossIncomeTo":29526},{"name":"Intermediate rate","ratePercent":21,"taxableBandWidth":14136,"grossIncomeFrom":29527,"grossIncomeTo":43662},{"name":"Higher rate","ratePercent":42,"taxableBandWidth":31338,"grossIncomeFrom":43663,"grossIncomeTo":75000}],"advancedRatePercent":45,"advancedRateThreshold":75000,"topRatePercent":48,"topRateThreshold":125140},"savingsAndDividends":{"personalSavingsAllowance":{"basicRate":1000,"higherRate":500,"additionalRate":0},"startingRateForSavingsBand":5000,"startingRateForSavingsPercent":0,"dividendAllowance":500,"dividendRatesPercent":{"ordinary":10.75,"upper":35.75,"additional":39.35}},"nationalInsurance":{"employeePrimaryThreshold":12570,"employeeUpperEarningsLimit":50270,"employeeMainRatePercent":8,"employeeUpperRatePercent":2,"employerSecondaryThreshold":5000,"employerRatePercent":15},"childBenefit":{"weeklyFirstChild":27.05,"weeklyAdditionalChild":17.9,"hicbcLowerLimit":60000,"hicbcClawback":"1% of the Child Benefit per £200 of adjusted net income over the lower limit"},"childcare":{"taxFreeChildcareAnnualCapPerChild":2000,"taxFreeChildcareAnnualCapPerDisabledChild":4000,"adjustedNetIncomeCliff":100000},"trusts":{"trustRatePercent":45,"trustDividendRatePercent":39.35,"standardRateBand":null},"capitalGainsAndIsa":{"cgtAnnualExemptAmount":3000,"cgtRateBasicPercent":18,"cgtRateHigherPercent":24,"cgtRateScope":null,"cgtRatesByPeriod":null,"isaAnnualSubscriptionLimit":20000}}