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Autumn Budget 2026 Calculator

See how the Autumn Budget 2026 changes your take-home pay and the tax on your savings and dividends from April 2027, on the same pay.

£

A year, before tax

£

A year, outside ISAs

More options· Dividends, pension, student loan
£

A year, outside ISAs

%

% of your salary

Your income after tax in 2027/28

No change

A year, compared with 2026/27

A month
No change
After tax in 2027/28
£28,720

Includes the changes announced in the Autumn Budget 2026 on Wednesday 28 October.

What this means

Your take-home pay on £35,000 stays the same, because the Income Tax and National Insurance thresholds don’t change. If your pay rises, more of the rise is taxed, as more of your income moves into higher bands.

Add any savings interest or dividends you get outside an ISA to see the tax on them.

Next step

2026/27 and 2027/28

A year2026/272027/28Change
Income Tax on pay£4,486£4,486£0
National Insurance£1,794£1,794£0
Income after tax£28,720£28,720£0

Income after tax is your salary, savings interest and dividends, minus these and any pension contributions from your pay.

What the Budget changed

  • Income Tax and National Insurance rates and thresholds don’t change, and stay frozen until April 2031. The Personal Allowance stays £12,570, and the higher rate still starts at £50,270.
  • Tax on savings interest rises by 4 percentage points, to 24%, 44% and 49%, more than the 2 points announced last year. The Personal Savings Allowance stays £1,000, or £500 for higher-rate taxpayers.
  • Rental profits get their own rates of 24%, 44% and 49% in England, Wales and Northern Ireland.
  • The Cash ISA limit stays £20,000: the planned cut to £12,000 for under-65s is dropped.
  • The trading allowance for side income rises from £1,000 to £3,000.
  • Tax on dividends doesn’t change: 10.75%, 35.75% and 39.35%. The Plan 2 student loan threshold stays £29,385.
Assumptions in this estimate
  • Compares the same salary, savings and dividends in both tax years, so it shows the effect of the tax changes alone.
  • Savings interest and dividends are outside ISAs and pensions. Tax on them uses the same bands in every nation.
  • Scotland sets its 2027/28 Income Tax bands in its own Budget in early 2027, so 2026/27’s are used.
  • Student loan Plans 1, 4 and 5 thresholds for 2027/28 aren’t announced yet, so 2026/27’s are used.
  • Assumes the standard 1257L tax code and a full year in the same job. Extra relief on relief-at-source pension contributions for higher-rate taxpayers isn’t included.
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How the calculator works

  1. Your pay: Income Tax, National Insurance, student loan and pension, for this tax year (2026/27) and next (2027/28).
  2. Your savings and dividends: interest and dividends outside ISAs, taxed on top of your pay, after the Personal Savings Allowance and the dividend allowance.
  3. The difference: your income after tax next year minus this year, on the same pay. It shows the effect of the tax changes alone, not of a pay rise.

What changes in April 2027

2026/27 2027/28
Personal Allowance £12,570 £12,570
Higher rate starts at £50,270 £50,270
Tax on savings interest 20%, 40%, 45% 24%, 44%, 49%
Tax on rental profits 20%, 40%, 45% 24%, 44%, 49%
Tax on dividends 10.75%, 35.75%, 39.35% 10.75%, 35.75%, 39.35%
Cash ISA limit £20,000 £20,000
Trading allowance £1,000 £3,000
Plan 2 student loan threshold £29,385 £29,385

Rental profits aren’t included in the calculator. The new rates for them apply in England, Wales and Northern Ireland.

Examples

On the same pay in both years, in England:

Tax on savings 2026/27 2027/28 Income after tax change
£35,000 salary, £3,000 interest £400 £480 −£80 a year
£60,000 salary, £5,000 interest £1,800 £1,980 −£180 a year
£35,000 salary, savings in an ISA £0 £0 No change

Learn more

See our guide to what the Autumn Budget 2026 means for your money, the salary calculator for your pay in full, the savings interest calculator to compare savings after tax, the dividend tax calculator for the tax on your dividends, and our key dates for when figures change.

Last updated

Frequently asked questions

What did the Autumn Budget 2026 change?

From April 2027, tax on savings interest rises by 4 percentage points, to 24%, 44% and 49%, and rental profits get their own rates of 24%, 44% and 49%. The Cash ISA limit stays £20,000, dropping the planned £12,000 cap, and the trading allowance rises from £1,000 to £3,000. Income Tax and National Insurance rates and thresholds don’t change.

Will the Budget change my take-home pay?

Not from your salary alone: the Income Tax and National Insurance rates and thresholds are the same in 2027/28 and stay frozen until April 2031. Your pay after tax only changes if you have savings interest outside an ISA above your Personal Savings Allowance, rental income or side income.

How much more tax will I pay on my savings?

On interest above your Personal Savings Allowance, 4p more in each £1 from April 2027. A basic-rate taxpayer with £3,000 of interest outside an ISA pays £480 instead of £400, after the £1,000 allowance.

What is fiscal drag?

When tax thresholds stay frozen while pay rises, more of your income is taxed, and more people move into higher bands. The Personal Allowance has been £12,570 since April 2021, so even a pay rise that only keeps up with prices means paying a bigger share in tax.

Does it work for Scotland?

Yes. Scotland sets its own Income Tax bands for 2027/28 in its Budget in early 2027, so until then the calculator uses this year’s. National Insurance and the tax on savings and dividends are the same across the UK.