Jason Sykes

NEW. Additional tax on savings interest (outside of your personal savings allowance and cash ISAs) from April 2027 Basic rate taxpayer: 24% on savings interest and property income Higher rate taxpayer: 44% Top rate taxpayer: 49% So the fact the cash ISA is staying at £20,000 per year is even more important. #Budget2026

HOW NEW STATE PENSION TAX ALLOWANCE WILL WORK: From April 2027, if your total annual income is not more than full new State Pension (£13,037/yr) you will not pay tax. So this is £94 extra tax free. If your total income is slightly higher then for every £3 you earn above, you lose £1 of this extra allowance. So if you earn £13,186 (£150 above) you would get a 'Pension Tax Allowance' meaning you pay £44ish less tax than otherwise (ie £94 minus £50) So by total income of £13,319 you won't receive any extra allowance. HMRC will automatically apply this allowance you will not need to claim it. I will explain better on my show tomorrow. Rushing this now #budget2026

NEWS ENERGY PAYMENT: £100 payment to all households in Council Tax bands A to D for England (and funding for same in other nations). That's 20m homes. Translation: This is the support for the huge rise due in January price cap. Its expected to be 27% up. Which equates to roughly £100 from Jan to March alone.