What applies to you
Answer what applies to you and see what the 28 October 2026 Budget means in pounds, change by change. Leave anything that doesn’t apply at 0.
Savings, rent and business
Budget 2026 figures current for 2026/27 and 2027/28, last checked against GOV.UK.
Results update as you type
Your results
Most of what reaches you is one-off or temporary help with energy and fuel in 2027. Nothing you entered is taxed more.
Change by change
Each change the Budget made that can reach a household, and what it means on your answers. A plus is money in your pocket, a minus is more tax.
| Change, and when | For you |
|---|---|
| Minimum wage up 3.9%From 1 April 2027, a year | Only if you’re on the minimum wage |
| Savings interest taxed 4 points moreFrom 6 April 2027, a year | No savings interest entered |
| Rental profits taxed 4 points more, with a bigger mortgage interest creditFrom 6 April 2027, a year | No rental profit entered |
| Trading allowance up from £1,000 to £3,000From 6 April 2027, a year | No side income entered |
| Tax-free mileage up 10p a mileFrom 6 April 2027, a year | No work miles entered |
| Business Asset Disposal Relief limit halved to £500,000Sales from 6 April 2027 | No business sale entered |
| Fuel duty cut of 5p a litre kept to July 2027January to June 2027 | +£24 |
| Single bus fares capped at £2 instead of £3January to December 2027 | No bus journeys entered |
| £100 Household Energy PaymentFrom January 2027, once | +£100 |
| No VAT on electricity for three more monthsApril to June 2027 | +£12 |
| Your Budget totalThe first year | +£136 |
The tax changes are announced, not yet law: they’re due in the Finance Bill 2026-27. The energy help, the fuel duty cut and the bus fare cap are help the government gives directly.
What isn’t changing
For most people the bigger news is what the Budget left alone.
- Income Tax rates and bands: the same rates, and the Personal Allowance and bands stay frozen until April 2031.
- National Insurance: no change to the rates.
- VAT: no change to the rates, apart from household electricity.
- Cash ISAs: you can still save up to £20,000 a year in cash. The planned cut to £12,000 from April 2027 has been dropped.
- Dividends and Capital Gains Tax: no change to the rates.
- Stamp Duty: no change to the rates or thresholds.
- Inheritance Tax: the allowances stay frozen until April 2031.
Also in the Budget, in words
Changes that can’t be put into pounds from a few answers.
- Pension Tax Allowance, from 6 April 2027: if you’re over State Pension age and your total income is no more than the full new State Pension, you won’t pay Income Tax. It tapers away just above that, and runs to April 2030.
- Pensions left when you die: for payments from 28 October 2026, a pension or lump sum death benefit that would be tax-free no longer becomes taxable just because it’s paid more than two years after the death.
- Founders’ Relief, from 6 April 2027: a 10% Capital Gains Tax rate on up to £10 million of lifetime gains for founders of fast-growing companies. Who qualifies isn’t published yet.
- Trading allowance, from 6 April 2027: the first £3,000 of side income a year is tax-free, up from £1,000. It’s in the figures above if you enter side income.
Using this calculator
Choose where you live and enter your pay, then answer the questions that apply to you. Everything else can stay at 0. The results add up what each change in the Budget means for you, with a line for every change so you can see what does and doesn’t reach you.
- If you’re paid the minimum wage, choose Yes and your pay is worked out from the rate for your age and your hours, before and after the rise on 1 April 2027.
- Your salary or pension sets the rate of tax on everything else: savings interest, rent and side income are taxed on top of it.
- The total adds one year of each lasting change to the temporary help, which ends during 2027. The tiles split the two, so you can see what carries on.
- For your exact figures, each line has a calculator that goes into more detail: see the links below.
For every change and when it starts, read Budget 2026: what changes and when.
How the figures are worked out
Each change is worked out on its own, against what would have happened without the Budget. Pay: the new minimum wage for your age, times your hours, times 52 weeks, less the extra Income Tax and National Insurance, at this year’s bands (frozen). Savings and rent: the rates on savings interest and on rental profits go up by 4 points from 6 April 2027 (2 announced a year ago and 2 more now), so the extra tax is 4p for each pound taxed at 20% or more; the credit for mortgage interest goes up from 20% to 24%, so 4p of each pound of interest comes back. Scotland sets its own rates on rental income, so there’s no change there. Side income: the tax on the extra £2,000 the trading allowance covers, at your rate. Business sale: the part of your gain between £500,000 and £1 million taxed at 24% instead of 18%. Work mileage: 10p a mile more is tax-free (55p instead of 45p, and 35p instead of 25p above 10,000 miles), worth 10p a mile times your rate of tax. Fuel: half a year of your fuel, January to June 2027, at 6p a litre (the 5p cut plus the VAT on it). Bus fares: up to £1 a journey for 2027. Energy: the £100 payment for bands A to D in England, and three more months with no VAT on your electricity, April to June 2027.
Where the figures come from
Every figure checked against the Budget document on 28 October 2026.
- GOV.UK: Budget 2026: every change on this page, with its start date.
- GOV.UK: National Minimum Wage and National Living Wage rates: today’s rates.
- GOV.UK: Income Tax rates and allowances: the Personal Allowance and the bands.
- GOV.UK: Changes to tax rates for property, savings and dividend income: the first 2 points, announced at the 2025 Budget.
Announced but not yet in force: the tax changes on this page are due to become law in the Finance Bill 2026-27, and could change before then. The energy help, the bus fare cap and the fuel duty cut are paid for by the government directly.