Tax & HMRC
⏱ 4 min read
📅 Updated May 2026
New Tax Year 2026-27: Every Money Change From 6 April 2026
Every money change from 6 April 2026 — NLW, State Pension, EV road tax, stamp duty and more.
⚡ New Tax Year 2026-27: Every Money Change From 6 April 2026 — Updated 6 April 2026
National Living Wage: £12.21/hr | Personal Allowance: £12,570 (frozen) | ISA allowance: £20,000 | State Pension: £221.20/week | EV road tax starts | Stamp duty thresholds revert |
The new tax year started on 6 April 2026. This is one of the most significant years for financial changes in recent memory — National Living Wage rises, EV road tax begins, stamp duty thresholds change, and dividend tax rates shift. Here is every change that affects your money. Key Money Changes from 6 April 2026| Change | What Happened | Impact |
|---|
| National Living Wage | Rises to £12.21/hour (+6.7%) | £1,400/year more for full-time NLW workers | | State Pension | Rises to £221.20/week (+4.1% triple lock) | £11,502/year — up from £11,502 | | Personal Allowance | Frozen at £12,570 | More people dragged into tax via fiscal drag | | ISA allowance | Unchanged at £20,000 | No change — can open multiple Cash ISAs | | EV road tax | First year for EVs to pay VED | EVs now pay standard rate Vehicle Excise Duty | | Stamp duty thresholds | First-time buyer threshold reverts to £300,000 | Was £425,000 — costs more for FTBs above £300k | | Dividend tax | Allowance stays at £500 | Same as 2025-26 | | Capital gains tax | Annual exemption £3,000 | Same as 2025-26 | | Pension annual allowance | £60,000 | Unchanged | | Corporation tax | 25% main rate | Unchanged for profits above £250,000 |
National Living Wage — April 2026 Increase| Category | New Rate (April 2026) | Previous Rate | Increase |
|---|
| 21+ (NLW) | £12.21/hour | £11.44 | +6.7% | | 18–20 | £10.00/hour | £8.60 | +16.3% | | 16–17 / Apprentice | £7.55/hour | £6.40 | +17.9% |
State Pension — April 2026The full new State Pension rises to £221.20/week (£11,502/year) from April 2026, an increase of £8.73/week. The triple lock guarantee (highest of earnings growth, inflation, or 2.5%) delivered a 4.1% increase based on earnings growth. Stamp Duty Changes — April 2026| Buyer Type | Property Value | Stamp Duty Rate (from April 2026) |
|---|
| First-time buyer | Up to £300,000 | 0% (was 0% up to £425,000) | | First-time buyer | £300,001–£500,000 | 5% | | First-time buyer | Above £500,000 | Standard rates apply — no FTB relief | | Standard buyer | Up to £125,000 | 0% | | Standard buyer | £125,001–£250,000 | 2% | | Standard buyer | £250,001–£925,000 | 5% |
| ⚠️ The first-time buyer stamp duty relief threshold reverted from £425,000 to £300,000 on 1 April 2026. First-time buyers purchasing properties between £300,001 and £500,000 now pay 5% stamp duty on the amount above £300,000 — potentially thousands more. |
What changes on 6 April 2026?The new 2026-27 tax year brings: National Living Wage rises to £12.21/hour, State Pension rises to £221.20/week, EV road tax begins, and Personal Allowance remains frozen at £12,570. Stamp duty first-time buyer threshold already reverted to £300,000 from 1 April 2026. What is the Personal Allowance for 2026-27?The Personal Allowance remains frozen at £12,570 for 2026-27 — the same as 2025-26. It is frozen until April 2028. With wages rising, more people are being pulled into Income Tax via fiscal drag. When do EVs start paying road tax?Electric vehicles started paying Vehicle Excise Duty (road tax) from 1 April 2026. New EVs registered from that date pay the standard first-year rate. EVs registered before April 2026 pay the standard ongoing rate from their renewal date after April 2026. What is the ISA allowance for 2026-27?The annual ISA allowance remains £20,000 for 2026-27 — unchanged. You can split this across Cash ISAs, Stocks and Shares ISAs, and Lifetime ISAs (max £4,000 to LISA). From April 2024, you can open multiple Cash ISAs in the same tax year. Sources: HMRC tax changes April 2026 — GOV.UK · Low Pay Commission NLW April 2026 · DWP State Pension April 2026 · HMRC stamp duty changes · DVLA EV road tax April 2026 |
Part of our complete guide: UK Inheritance Tax 2026 - Complete Guide → Find a regulated IFA → | Make a will online from £29.99
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The content on Kaeltripton.com is for informational and educational purposes only and does not constitute financial, investment, tax, legal or regulatory advice. Kaeltripton.com is not authorised or regulated by the Financial Conduct Authority (FCA) and is not a financial adviser, mortgage broker, insurance intermediary or investment firm. Nothing on this site should be construed as a personal recommendation. Rates, figures and product details are indicative only, subject to change without notice, and should always be verified directly with the relevant provider, HMRC, the FCA register, the Bank of England, Ofgem or other appropriate authority before any financial decision is made. Past performance is not a reliable indicator of future results. If you require regulated financial advice, please consult a qualified adviser authorised by the FCA.
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Chandraketu Tripathi
Finance Editor · Kaeltripton.com
Chandraketu (CK) Tripathi, founder and lead editor of Kael Tripton. 22 years in finance and marketing across 23 markets. Writes on UK personal finance, tax, mortgages, insurance, energy, and investing. Sources: HMRC, FCA, Ofgem, BoE, ONS.
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