Year End Tax Review 2025-26
Tax planning in an era of tax rises
There were a number of tax increases announced or confirmed at the 26 November 2025 Budget, but some of them don’t take effect for several years. Knowing how tax rates are changing is a key element in reviewing your financial position, but it can be difficult to keep up to date.
For example, the Chancellor announced that the cash ISA limit is reducing from £20,000 p.a. to £12,000 (except for the over-65s) but this is not happening until April 2027. Whether holding cash or investing in stocks and shares, it is usually worth topping up your ISAs each year if you have the funds to do so. The tax exemptions they give will become more valuable over the next 15 months, with dividend tax rates increasing this coming 6 April and savings income tax rates increasing a year later.
Now is a good time to review your tax affairs, as there may be the chance to make use of planning opportunities before the end of the tax year on 5 April.
For further guidance on any of the issues raised, contact our team of expert advisers today.
This publication is accurate as of January 2026.
