TaxTake-Home Pay
UK tax rates and thresholds for 2026/27: what's changed in April 2026
Income tax thresholds are frozen again. But student loan thresholds, EV BiK rates, NMW, and redundancy caps have all changed. Here's what you need to know.
In-depth guides about UK tax, salary, and personal finance topics to help you understand and manage your money.
Income tax thresholds are frozen again. But student loan thresholds, EV BiK rates, NMW, and redundancy caps have all changed. Here's what you need to know.
A £5,000 bonus doesn't mean £5,000 in your pocket. If you're a basic rate taxpayer, you'll take home around £3,600. If you're a higher rate taxpayer, that drops to roughly £2,900.
A £10,000 raise at £35,000 puts £600 extra in your pocket each month. The same raise from £100,000 to £110,000? Just £317.
Most people have never heard of fiscal drag, but it's probably costing you hundreds of pounds a year – and you'd never notice it happening.