29/10/2026
Budget 2026 - Key Points for the small business/individual sector
• Wages: The National Living Wage will rise by 3.9% to £13.21/hour from April 2027.
• Property & Savings Tax Rise: From April 2027, income tax rates on rental profits and savings interest will rise to 24% (basic), 44% (higher), and 49% (additional) for these specific income types.
• Side Hustle Boost: The tax-free allowance for making money from a new business venture or side hustle will jump from £1,000 to £3,000.
• Entrepreneurs Relief: The standard Business Asset Disposal Relief limit is dropping to £500,000 from April 2027.
• Business Rates: Small business rates relief thresholds will expand from £12,000 to £18,000