Autumn Budget 2026: Facts over speculation
Before the first Budget from Chancellor John Healey, the headlines were full of predictions: capital gains tax brought in line with income tax, the capital gains “uplift” on death scrapped, and deeper cuts to cash ISAs. Our advice was the same as always: wait for the facts and don’t act on rumours.
That patience has been rewarded. Capital gains tax, income tax and VAT rates are all unchanged, and the planned cut to the cash ISA allowance has been abandoned. Instead, there were smaller, targeted changes:
Income tax and inheritance tax thresholds stay frozen until 2030/31
Tax on savings and property income rises by two percentage points from April 2027
A new pension tax allowance for pensioners whose income is no more than the full new state pension
A First Time Buyer ISA will replace the Lifetime ISA from April 2029
Business asset disposal relief is halved to £500,000, and a new Founders’ Relief is introduced
There was some good news too. The state pension rises by 3.9% in April, and households in England in council tax bands A to D will get a one-off £100 energy payment.
Most of these changes don’t start until April 2027 or later, so there’s time to plan carefully rather than react quickly. Facts beat speculation (almost) every time.
Download our full Autumn Budget 2026 summary below. If you’d like to talk through what it means for you, please get in touch.