Budget 2025 - Tax on some savers will go up

26th November 2025

From April 2027, there will be a two percentage point increase to the basic, higher and additional rates of savings income tax, increasing them to 22%, 42% and 47% respectively.

Most people do not save enough to fall into paying income tax on their savings, but it does make the system more complicated.

There will also be increases in the rates of tax on dividends and property income.