BUDGET CHANGES EXPLAINED

What the next few years could mean for your wealth

Last year's Autumn Budget delivered a series of targeted tax increases affecting landlords, property owners, savers and investors. Rather than a single major reform, the Budget relied on multiple smaller measures that will roll out between 2026 and 2029.

What does our fact sheet cover?

Our 'Budget Changes Explained' fact sheet summarises the new measures, highlights what hasn’t changed, and outlines how these developments may influence your Wealth Plan.

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Key changes at a glance (2026-2029)

2026

Business Property Relief (BPR) & Agricultural Property Relief (APR)
Relief now capped at £2.5m per individual (doubling to £5m on second death), shifting the landscape for business‑owning families.
Budget Changes Factsheet Landing Page Images

2027

Savings & Property Income Tax rises by 2%
A key Budget measure raising the basic, higher and additional rates to 22%, 42% and 47% respectively.
Budget Changes Factsheet Landing Page Images (4)

2028

High-value property taxation
A new council tax surcharge – sometimes referred to as a ‘Mansion Tax’ – will apply to properties valued at more than £2 million.
Budget Changes Factsheet Landing Page Images (3)

2029

Salary sacrifice - National Insurance (NI) relief cap
A new £2,000 cap will apply to salary sacrifice pension contributions that attract NI relief. Both employer and employee NI relief will be lost on amounts above this threshold. Higher-rate taxpayers will lose 2% in employee NI relief.
Budget Changes Factsheet Landing Page Images (2)

To find out what the rest of the changes are, and how they may affect you, download our fact sheet.

 

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Information correct as of February 2026.

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