Nov 02

Tax Tables 2027/28

Our updated tax tables for 2027/28 are now available, bringing together the key figures for your personal finances and business planning.

Here are some of the key rates and allowances included in the guide:

  • Personal allowance: the standard Income Tax personal allowance remains at £12,570, reducing by £1 for every £2 of adjusted net income above £100,000.
  • National Insurance: employee contributions remain at 8% on earnings between the main thresholds, with 2% payable above the upper earnings limit. The employer rate is 15%.
  • Employment Allowance: eligible employers can reduce their annual employer National Insurance bill by up to £10,500.
  • ISAs: the overall annual ISA allowance remains at £20,000. From April 2027, up to £12,000 can be paid into cash ISAs by those under 65, while those aged 65 and over retain a £20,000 cash ISA limit. The Junior ISA allowance remains at £9,000.
  • Pensions: the standard annual pension allowance remains at £60,000, although a lower allowance can apply depending on your circumstances.
  • Capital Gains Tax: the annual exemption remains at £3,000 for individuals, with main rates of 18% and 24%.
  • Inheritance Tax: the nil-rate band remains at £325,000, with a further residence nil-rate band of up to £175,000 where the conditions are met.
  • Corporation Tax and VAT: the Corporation Tax small profits rate remains at 19% and the main rate at 25%, with marginal relief available between the relevant profit limits. The VAT registration threshold remains at £90,000.

The guide also covers dividend and savings income, property taxes, company vehicle benefits, business mileage and capital allowances. Some figures remain subject to confirmation, as indicated in the tables.

Download our tax tables for 2027/28 here

Missed our Autumn Budget 2026 summary? Download your copy here for an overview of the key announcements and what they could mean for you and your business.

If you have questions about what these figures mean for you or your business, email info@smh.group or call us on 0330 1070 873.