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Taxxa searches a continuously updated collection of more than one million pages from tax authorities, government publications, legislation and case law across the European jurisdictions it covers. Every response cites the underlying material, so a professional can inspect the rule, its jurisdiction and whether it is current before relying on the result.

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Customer data stays in the European Union and is never used to train language models.

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No. Taxxa is a research and drafting workspace. It helps professionals reach an informed starting point faster; the professional still reviews the evidence and makes the final decision. It does not file returns, post bookkeeping entries or give legal advice.

United KingdomGOV.UK

Income tax on property and savings rises 2 points to 24/44/49

From 6 April 2027 property and savings income will be taxed at 24%, 44% and 49%, two points above the previously announced 22%, 42% and 47%.

By Taxxa AI OyPublished 29 October 2026

Tax

From 6 April 2027GOV, property income and savings income will be taxed at new bandsGOV: a basic rate of 24%GOV, a higher rate of 44%GOV and an additional rate of 49%GOV. The bands apply separately to each schedule, with property income keeping its own rate table distinct from savings income.

The figures raise every band by two percentage points over the rates published after the Budget 2025 announcement.GOV Those earlier publications set the savings basic rate at 22%GOV, the savings higher rate at 42%GOV and the savings additional rate at 47% from April 2027GOV, and created separate property rates at the same 22%, 42% and 47% levels from 2027 to 2028GOV. The new figures, announced at Budget 2026GOV, put each of those six rates two points higherGOV.

The earlier package also set dividend rates: the dividend ordinary rate goes to 10.75% and the dividend upper rate to 35.75% from 6 April 2026, while the dividend additional rate remains unchanged. The dividend changes take effect a year earlier than the property and savings changes, which take effect from 6 April 2027GOV. The government is also changing the calculation order so that reliefs and allowances deductible at steps 2 and 3 are applied to property, savings and dividend income only after they have been applied to other sources of income.

A companion measure makes consequential amendments so that the rules on insurers' reporting, tax treated as paid on gains from certain foreign life insurance policies, deduction at source, and the Transfer of Assets Abroad legislation continue to operate as intended from 6 April 2027. Around 12% of taxpayers will see an average tax rise of 113 pounds in 2027 to 2028 on savings, and around 5% an average rise of 225 pounds on property; by 2031 to 2032, 2.4 million landlords are expected to face changes in tax. Those with savings income above the tax-free allowances will pay more but need do nothing differently, with most such tax collected automatically through PAYE, and there are no changes to reporting requirements.

The rates were announced at Budget 2026.GOV A companion measure makes 5 amendments to tax legislation so that the existing rules keep operating as intended from 6 April 2027.

Landlords and savers should check their 2027 to 2028 positions against the new 24%, 44% and 49% bands, noting that savings tax is largely collected automatically through PAYE and that reporting channels are unchanged.

Sources

United KingdomGOV.UK

Income tax on property and savings rises 2 points to 24/44/49

From 6 April 2027 property and savings income will be taxed at 24%, 44% and 49%, two points above the previously announced 22%, 42% and 47%.

By Taxxa AI OyPublished 29 October 2026

Tax

The rates were announced at Budget 2026.GOV A companion measure makes 5 amendments to tax legislation so that the existing rules keep operating as intended from 6 April 2027.