13/01/2026
There were some literal head banging moments whilst filming this, but we don’t think Jamie means what he says at the end of the video.. 👀
Tax Adviser, James Edwards gives us the highlights for INDIVIDUALS from the most recent UK budget:
📝 Nil Rate Band; Residential Nil Rate Band; £2.5mil Business Property Relief and Agricultural Property Relief are being frozen until 2031
↪️ £2.5mil Business Property Relief and Agricultural Property Relief will be transferable to spouses from April 2026
🏘️ New category of income - Property Income will be introduced with rates of 22%, 42% and 47% [England, Wales and Northern Ireland. Scotland TBC]
🏠 Mortgage credit rate is increasing to 22%
💰 Savings income will have rates of 22%, 42% and 47% from April 2027
⭐️ Dividends tax rates [Basic + Higher Rates only] are increasing by 2% from April 26
...and breathe, for now. Given that the Inheritance Tax Relief rates have already increased from £1mil to £2.5mil since we filmed this, we’re expecting more details on these initial announcements have yet to come, particularly for Scotland.
savings